Semiconductor Industry Update: Fair Winds and Following Seas!

Semiconductor Industry Update: Fair Winds and Following Seas!
by Daniel Nenni on 09-16-2024 at 10:00 am

Malcolm Penn Four Horsemen

Malcolm Penn did a great job on his semiconductor update call. This is about the whole semiconductor industry (Logic and Memory) versus what I track which is mostly logic based on design starts and the foundries. Malcolm has been doing this a lot longer than I have and he has a proven methodology, but even then, semiconductors are … Read More


Malcom Penn and the Semiconductor Industry Update Webinar

Malcom Penn and the Semiconductor Industry Update Webinar
by Daniel Nenni on 09-06-2024 at 6:00 am

Future Horizons


If you think my 40 years of semiconductor experience is impressive, Malcolm Penn has been at it for 55 years starting with the first commercial integrated circuit. Malcolm’s company Future Horizons has been providing legendary semiconductor industry forecasts since 1989. I have attended dozens of these both live and … Read More


The Recovery has Started and it’s off to a Great Start!

The Recovery has Started and it’s off to a Great Start!
by Malcolm Penn on 08-11-2023 at 6:00 am

Semiconductor Recovery 2023

August’s WSTS Blue Book showed Q2-2023 sales rebounding strongly, up 4.2 percent vs. Q1, heralding the end of the downturn and welcome news for the beleaguered chip industry.

The really good news, however, was that the downturn bottomed one quarter earlier than previously anticipated. This pull-forward only added a modest US$11… Read More


The Billion Dollar Question – Single or Double Digit Semiconductor Decline

The Billion Dollar Question – Single or Double Digit Semiconductor Decline
by Malcolm Penn on 03-03-2023 at 6:00 am

Market Forecasts Feb 2023

In 2021, we shocked the industry with our predictions of a double-digit ‘supercycle’ in 2022, followed by a crash in 2023. Despite industry skepticism, bordering on outright disbelief, our predictions were on point, based on decades of semiconductor experience and data analysis.

Now, as the industry finally accepts the impending… Read More


Podcast EP136: Semiconductor Industry Update with Malcolm Penn

Podcast EP136: Semiconductor Industry Update with Malcolm Penn
by Daniel Nenni on 01-11-2023 at 10:00 am

Dan is joined by Malcolm Penn, CEO of Future Horizons. Malcolm is a contributor to SemiWiki and a frequent podcast guest.

Dan and Malcolm discuss what happened in the semi industry last year and what 2023 and 2024 will look like and why. The discussion is a preview to Malcolm’s upcoming Industry Update Webinar on January … Read More


2022 Semiconductor Supercycle and 2023 Crash Scenario

2022 Semiconductor Supercycle and 2023 Crash Scenario
by Daniel Nenni on 08-26-2022 at 6:00 am

2021 Semiconductor Forecast Summary

Charles Shi, semiconductor analyst at Needham & Company, an US-based investment bank and asset management firm, hosted an expert call on semiconductor cycles with Malcolm Penn, Founder and CEO of Future Horizons on 18 August 2022, with over 100 financial analysts in attendance.  The following bulletin is a summary of the… Read More


Podcast EP86: Negative Outlook for the Semiconductor Industry with Malcolm Penn

Podcast EP86: Negative Outlook for the Semiconductor Industry with Malcolm Penn
by Daniel Nenni on 06-13-2022 at 10:00 am

Dan is joined by Malcolm Penn, founder and CEO of Future Horizons, a firm that provides industry analysis and consulting services on the global semiconductor industry.

Dan and Malcolm discuss the current and future state of the semiconductor industry. What has driven the cyclic nature of the business and are we doomed to repeat… Read More


Semiconductor Crash Update

Semiconductor Crash Update
by Daniel Nenni on 05-12-2022 at 10:00 am

Semiconductors are Capturing Electronics

Earlier this year semiconductor oracle Malcom Penn did his 2022 forecast which I covered here: Are We Headed for a Semiconductor Crash? The big difference with this update is the black economic clouds that are looming which may again highlight Malcolm’s forecasting prowess. I spent an hour with Malcolm and company on his Zoom cast… Read More


Are We Headed for a Semiconductor Crash?

Are We Headed for a Semiconductor Crash?
by Daniel Nenni on 02-02-2022 at 6:00 am

Malcolm Penn Webinar 2022

COVID was certainly a black swan event but semiconductors have seen similar events over the past 50 years, some of which I have experienced personally. The Dot-com bubble comes to mind but there were others. The question is will history repeat itself and the answer, according to Malcolm Penn of Future Horizons, is yes.

Malcolm is… Read More


Podcast EP57: A Perspective of 2021 and 2022 with Malcolm Penn

Podcast EP57: A Perspective of 2021 and 2022 with Malcolm Penn
by Daniel Nenni on 01-14-2022 at 10:00 am

Dan is joined by Malcolm Penn, long-term semiconductor industry veteran and founder of Future Horizons, Dan and Malcolm review their last discussion on 2021 forecasts, which produced aggressive numbers many said were too optimistic. Their predictions turned out to be on the mark.

They also explore the topic of 2022 -what Read More