George Scalise Quotes on Business & Commerce (8 Quotes)

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.

Semiconductor sales in April are continuing the steady growth exhibited in the first quarter of this year, another sign that the industry is rebounding from 2001.

We expect to see the industry record slow growth for the first quarter of 2002, with sales rising to double-digit growth in the second half of the year.

As expected, the semiconductor industry should close out 2002 with modest but sustained overall growth,

The issues we're dealing with here are what it will take to maintain this leadership in the industry . . . what will be required to establish the next generation of technology.

China has enacted a number of laws to protect intellectual property, including a law to protect semiconductor layout designs. Enforcement of IP protection laws has been widely recognized as falling short of what is needed to deter violations. In some cases, penalties for violation of IP rights are so light that they are considered to be a routine cost of doing business.

Continued steady growth across the industry is exhibited in May chip sales and, as announced in our forecast last month, we expect the industry to close the second quarter with growth of 4.7 percent.

The October sales are another indication that the industry is on track to achieve our forecast of 4.7 percent growth in the fourth quarter.