Is the semiconductor<br>market under estimated?

Speaking at his company's Annual International Electronics Forum, Penn was still confident that his forecast made in January of a growth in dollar sales of semiconductors topping 20% this year was realistic while unit sales would grow 12%. Other major analyst predictions are coming out showing an average growth of 8% with only one willing at present to break the 10% barrier. Penn is bullish that a combination of an improvement of 4.9% in world GDP which the IMF upgraded from 4.3% last week, a rise in unit demand and a shortage of capacity, pushing prices up, will provide the catalyst for a good year. "All the evidence is strong and everything is in place - if it is not a strong year then the semiconductor industry does not deserve a strong year," says Penn. No-one believes that the chip industry can bounce back says Penn and there is too much of the 'Ill see believe it when I see' attitude but by the time it becomes evident it will be too late too take advantage. Click here to read the full article on EETimes.