'Chip market rebound to come in Q2 2011'

CIOL Bureau
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PARIS, FRANCE: STMicroelectronics NV Chief Executive Carlo Bozotti says slowdown in chip market demand should continue for some quarters yet. According to him, slowdown represents an adjustment not a reversal. He sees 5-10 percent growth in the market the company serves in 2011 and believes chip market adjustment to continue into Q1 2011, and upturn is to follow in Q2.