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Chip industry in "hopeful denial" says Penn

Sept. 14, 2022 – 

By David Manners, ElectronicsWeekly (September 14, 2022)

Malcolm Penn, CEO of Future Horizons reiterated his single digit semiconductor growth forecast for 2022 and warning of a double-digit decline for 2023 at IFS2022 in London yesterday,

“For the most part the industry is in hopeful denial,“ said Penn “if we had a soft landing it would be for the first time in the 70 year history of the semiconductor industry.“

Whereas the long-term annual trend of 8% unit growth would deliver a 6.5 billion monthly unit shipment rate at this point in time, the current actual shipment rate is 7.8 billion units a month.

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