Following an avalanche of Q4 warnings, IHS expects the chip industry to grow just 1.2% in 2011 -...

|By:, SA News Editor

Following an avalanche of Q4 warnings, IHS expects the chip industry to grow just 1.2% in 2011 - that's down from a 2.9% September forecast, not to mention a sharp reversal from 2010's 32.4% growth. Thai flooding is expected to worsen the industry's inventory-induced woes, though the strength of a handful of names, including INTC and QCOM, will help keep 2011 growth positive.