The July data, and the year-on-year increase, confirm that a moderate but sustainable recovery continues, putting us on track for 7-9 percent sequential growth in the third quarter,

The worldwide market for semiconductors in 2001 is expected to decline 31 percent due to excessive inventories and price pressure on a wide range of products, ... However, recent data indicates inventory is now largely in balance and prices are rebounding in some product categories.

Korea is a significant market for American semiconductor producers -- in 2005, the Korean semiconductor market was approximately $4.5 billion.

The financial turbulence of Asia and other market changes have crimped the expected expansion of global chip markets in early 1998,

All in all, we're very well aligned with what the president laid out in his State of the Union address the other night.

Continued steady growth across the industry is exhibited in May chip sales and, as announced in our forecast last month, we expect the industry to close the second quarter with growth of 4.7 percent.