The industry is currently experiencing lower sales due to an inventory overhang and deceleration in the end-equipment markets. Current forecasts suggest the inventory adjustment will be completed by the end of the third quarter, and end-market product demand will improve later in the year.
More Quotes from George Scalise:
There has been stronger-than-expected demand for our products across the board. There is far better inventory management, better capital investment management,George Scalise
The oversupply of some semiconductor products, such as memory chips, has depressed sales revenue, ... However, we are still optimistic about the industry's position, because the demand for newer and more powerful chips continues to increase.
George Scalise
This region represented 46.6 of the global market for microchips at year end. The largest share of the market is in China, which has become the world's leading manufacturer of electronics products.
George Scalise
Doubling the basic research funding over 10 years is a huge move because that's what needs to get done to get the pump primed.
George Scalise
There is some evidence of inventory accumulation of semiconductors and finished electronic products during the first quarter of 2006. We expect the electronic industry supply chain will respond quickly as it did late in 2004 and that inventories will be in balance by the third quarter.
George Scalise
Strong holiday season sales of consumer products such as cell phones, digital cameras, and MP3 players drove record sales of semiconductors in November.
George Scalise
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