Inflection Research

Something apparently missed due to the financial turmoil of the last few weeks is that semiconductor sales in Q2 2008 were up 3% from Q1 2008 despite memory prices being sliced approximately in half. The two biggest end markets PCs (~40%) and mobile phones (~20%) were both up double digits. Emerging markets which now account for roughly half of PC shipments and two thirds of mobile phones are still expected to grow double digits this year.