Future Horizons: Chip Market Enters Eleventh Industry Recession 3/12/2008

Despite the fact the first half of 2008 was stronger than many predicted, the relentless deterioration in the global financial markets has finally tipped the global economy into recession. Not surprisingly, it has taken the chip market with it says Malcolm Penn, CEO and Chairman of industry analyst house Future Horizons, in the November report. ''We now expect Q4-08 to be down 6 percent on Q3-08, making 2008's growth just 2.2 percent on 2007 - the fourth consecutive year of single digit market value growth,'' said Penn. ''Staring a global economic ...