News

CAMBRIDGE, MA – Forrester Research lowered its 2009 US IT spending forecast to 1.6%, on slower demand for computers. The research group previously guided for 6.1% growth next year. It marks the fourth time in 10 months the firm has reduced its 2009 outlook.
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SHANGHAI, CHINA – Semiconductor Manufacturing International Corp. (SMIC) has reported that it is running at a utilization rate of 65% to 70% for the fourth quarter. This contradicts an article issued earlier in the week by The Financial Times reporting that the foundry’s utilization rate had dropped to as low as 20%.
 
SMIC acknowledged that its utilization rate has fallen from 91% in the third quarter but added that it is maintaining revenue guidance for the fourth quarter.

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