Penn warns of 'continuing industry paranoia'
1 min read
June's semiconductor industry growth continued to slow from last month's 45.4% to 38.5%, according to analysis by Future Horizons.
The Global Semiconductor Monthly Report reveals quarterly month on month numbers showed the same unit growth dynamics and ASPs continued growth.
Future Horizons' chairman and ceo, Malcolm Penn, characteristically described the market numbers as 'boring'. "There were absolutely no surprises and consequently no changes to our July IFS forecast," he said.
First half year growth was up 50.4% against the same period for 2009 and Penn believes even a flat second half yields a year on year growth rate of 28%, bringing the chip market up to $290billion.
Penn noted: "But … the growth rates are now slowing; they were unsustainable … and are a reflection of the equally unsustainable negative rates this time last year.
"But, in today's superficial 'balance sheet engineering' driven world, any hint of a slowing is enough to trigger global paranoia at the expense of common sense, logic and clear thinking; the dark side of Dan Bricklin and Bob Frankston's 1979 VisiCalc (the world's very first spreadsheet) invention.
"The question I keep asking, and don't get an answer to is, 'Just what exactly is wrong with a world GDP growth outlook of 'only' 4.3 percent for 2011-11?'".
