Chip Market to Go Down, says Future Horizons

Peter Clarke, EETimes
9/26/2016 11:03 AM EDT

LONDON—Malcolm Penn, the founder and CEO of Future Horizons Ltd. and usually one of the most bullish of chip market forecasters, thinks 2017 could be a third year of decline for the global semiconductor industry.

Penn told attendees at his autumn industry forecast seminar that 2016 was already headed towards a 1 percent decline and said political and economic uncertainty — born of incompetence — continues to dull business confidence and recovery.

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