Tue, Jul 17th 2007 1:28pm
Last month, The Semiconductor Industry Association put out an ominous forecast for the chip sector, slashing growth estimates from 10% to 1.8% over the coming year. Not surprisingly, the carnage in the industry seems to be spreading. An industry group for the makers of semiconductor equipment says sales will only rise by 1% this year, following growth of 23% last year, and a turnaround doesn't look likely over the next few years, as gains are expected to be anemic. This industry is cyclical, so many of these companies have seen downturns like this in the past, but taken with other bits of evidence, a broader downturn may be in the offing.
If you liked this post, you may also be interested in...
- Nielsen Forced To Pull Report Offline After It Shows ESPN Losing More Subscribers Than Ever
- Netflix CEO Wary That AT&T's Latest Merger Could Hurt Streaming Competitors
- What Cord Cutting? Cable Sector Hiked TV Prices 40% In Last Five Years
- DailyDirt: Introduction To Semiconductors
- Intel Up In One Measure, Down In Another