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Dilemmas on the horizon
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19/10/2007
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In his keynote address to this year’s Sophia Antipolis Microelectronics Forum (SAME), Jean-Philippe Dauvin – STMicroelectronics’ chief economist emeritus and long time industry watcher – saw a business in transition, with the key issues of globalisation, consumerisation and consolidation in the past and only ‘dilemmas’ ahead. “Growth rates are down to 6%, making semiconductors a mature industry,” he said. “But there has not been enough consolidation; we have too many companies chasing too little growth.” Growth is slowing due to price erosion, driven by consumer pressure, and the lack of strategic innovation in recent years.
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Author
Louise Joselyn
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