Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

Trade group cuts growth goal for chips
SAN JOSE, Calif. (CBS.MW) -- A major semiconductor trade group said late Wednesday that the semiconductor industry is entering a long-term period of slower growth.
The Semiconductor Industry Association said global chip sales should grow between 8 and 10 percent on a compound annual basis in the years to come, compared with a past growth rate of about 16 percent.

"We can no longer count on the proverbial rising tide that lifts all boats," said Jerry Sanders, SIA board member and chairman of chipmaker Advanced Micro Devices (AMD: news, chart, profile), speaking at the SIA's annual market forecast on

http://cbs.marketwatch.com/news/story.asp?guid=%7BB326C09A%2D0B28%2D4BDB%2D8910%2D0CC1F09B48FB%7D&am...