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Grim year for IC market, says NXP CEO

Posted: 15 Nov 0212 ?? ?Print Version ?Bookmark and Share

Keywords:financial crisis? semiconductor market? percentage growth?

The semiconductor market should expect a rough ride in the coming year with growth in the low single-digit percentage figures, NXP Semiconductors CEO Rick Clemmer predicts.

Clemmer gave his opinion during a panel discussion during the first day of the Electronica exhibition in Munich, Germany. He spoke in response to a question from the floor about the outlook for the market. "Next year could be a tough year, a mid-to-low single digit percentage increase in semiconductor sales," he said. "Typically in the U.S. the year after an election is not good." At the same time Europe is coping with its own financial problems, Clemmer said. "China is the key to world's economy."

However, Clemmer said a mid-to-low single-digit percentage increase in 2013 was in line with an intermediate-term perspective of high-single-digit or low double-digit percentage growth that he feels the semiconductor market can produce. The other panelists did not give any firm opinion but nor did they demur about what Clemmer had said.

- Peter Clarke
??EE Times

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