Chip industry forecast not as dire as expected — down 11.6 percent for 2009

The chip industry has a brighter forecast than during the summer, but 2009 will still go down as a dismal year with a 11.6 percent decline in revenues, according to the semiconductor industry’s trade group. Worldwide chip sales are expected to be $219.7 billion this year, down from $248.6 billion in 2008.... (Read more)