iSuppli Cuts 2008 Semiconductor Sales Forecast to 3.5 Percent

Citing “signs” in September that the semiconductor market “may be feeling the impact of the credit crisis and economic downturn,” industry research firm iSuppli has cut its 2008 semiconductor sales growth forecast from 4 to 3.5 percent, with the potential to cut more “if economic conditions continue to worsen.” The firm now predicts $280.1 billion in annual sales this year. “The credit crisis is impacting the semiconductor market on several levels,” states iSuppli’s Dale Ford. The first hit comes from “Wall Street firms themselves,” whose demand for electronic equipment is expected to drop, thinks iSuppli. But the firm also cites the broader constellation of companies that, unable to get funds due to the credit crunch, will also ratchet down their demand for semis. Also, the impact upon consumer confidence and purchases is expected to be significant.

Read the rest of this post

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »