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Intel uncertain about stimulus package, demand recovery

by on10 April 2009

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Expects effects in six to 18 months

Intel Chairman
Craig Barrett is is uncertain when demand for semiconductors will pick up, and he believes stimulus packages drawn up by governments around the world will take quite some time to show any effect and prop up consumer demand.

During his Beijing visit, Barrett told reporters he expects the stimulus packages will make an impact in six to 18 months. "So you pick your time that you want the recovery to occur in that six to 18-month period, and your guess is as good as anyone's," said Barrett.

According to The Semiconductor Industry Association, demand for microprocessors has dropped by about 30 percent compared to 2008. Demand is expected to remain well under 2008 levels for the next several quarters, but it is slowly picking up.

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Last modified on 10 April 2009
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