Technology Industry
Industry: Email Alert RSS FeedSigns of life: far and wide, 2001 was a macro-disaster year for the electronics industry. Will the semiconductor industry lead the world economy out of recession. (Cover story: global outlook 2002).
Electronic Business Asia, January, 2002 by Wilson, Drew
Far and wide, 2001 was a macro-disaster year for the electronics industry.
Will the semiconductor industry lead the world economy out of recession?
Unraveling with a fury, the worst year in semiconductor industry history caught almost everyone by surprise. Overcapacity and inventory stockpiles building up by early 2001 were worsened by the dot.com sector collapse. A creeping global recession smothered any hopeful signs. Waves of downward earnings revisions, lowered market forecasts and massive job cuts characterized 2001.
The hard times brought mergers, proposed consolidations and selloffs that could reshape playing fields. Among them were Sony Corp and Telefon LM Ericsson in mobile phones and Hewlett-Packard Co and Compaq Computer Corp in...
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