Semiconductors ready to recover in fourth quarter

Professional Adviser
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The semiconductor market is likely to pick up towards the end of the year but the scale of the recov...

The semiconductor market is likely to pick up towards the end of the year but the scale of the recovery will not reach the heights of previous bounce-backs, according to Henderson Global Investors. David Greenhalgh, on Henderson's technology team, says the recovery will be more visible by 2002 but will be dependant on PC and mobile phone sales, which account for about 70% of the semiconductor market. Demand for semiconductor-based commodities slumped this year, following massive overproduction during 2000, particularly of mobile phone handsets. However, Greenhalgh says replacement demand...

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