Mentor CEO Rhines fears foundry oversupply

Sufia Tippu, EETimes
8/2/2011 11:10 AM EDT

BANGALORE, India—While global semiconductor revenue is projected to expand by 7.2 percent in 2011, Walden Rhines, chairman and CEO of EDA vendor Mentor Graphics Corp., sounds a note of caution about maintaining this growth in 2012.

IHS iSuppli's newly revised forecast calls for global semiconductor revenue to rise to $325.9 billion in 2011, up from $304.1 billion last year. The firm's previous outlook, issued in April, projected that chip revenue would rise by 7 percent this year.

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