Smith & Associates | Featured Story: Amid economic gloom, semi execs chart encouraging future

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Featured Story: Amid economic gloom, semi execs chart encouraging future

Monday, 16 March 2009 00:00

Full Issue

Against a backdrop of a deepening recession, electronics industry executives plotted emerging changes in mindset, markets, and technology they said will propel future growth and boost the global economy.

At a surprisingly and remarkably upbeat Semico Summit conference here, executives said lessons of previous downturns, particularly 2001, have laid the foundation for more nimble thinking, even as the recession radically alters the industry’s landscape.

Already, more than 70 companies have shuttered since the financial meltdown began in October, and the cash or investment funds for dozens of other may not last long enough for them to stay viable through a protracted downturn, according to data from the Global Semiconductor Association.