Electronics Production | November 09, 2004

Renesas forecasts chip dip in 2005

"We are taking measures based on the outlook that fiscal 2005 will show little growth at a growth rate of around zero percent," said Koichi Nagasawa, chairman and CEO of Renesas, to "We'll see substantial deceleration in the first half of 2005 but a recovery in the second half," Nagasawa predicted.
The company´s recovery from the expected downturn is to be determined by the pace of the mobile market wich account for about 30 percent of Renesas´s sales.


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