Dylan McGrath, EETimes
11/4/2011 1:09 AM EDT
SAN FRANCISCO—The semiconductor industry downturn has hit bottom, and "phase one" of an upturn for chips has begun, according to a Wall Street analyst.
Christopher Danely, an analyst with JP Morgan, said in a report circulated Thursday (Nov. 3) that the nearly over semiconductor industry earnings season has provided more evidence of a bottom in semiconductor fundamentals and stocks, with several chip companies and distributors indicating that orders are bottoming out.