Did the Semi-Conductor Industry Hit the Bottom of the Curve?

The semi-conductor industry has been massively affected by the on-going economical slow-down, as consumes and corporate decided to post-pone their computer hardware purchase/exchange/upgrade plans. The last figures revealed by the Semiconductor Industry Association indicates that over the last 12 months, the market dropped by 30%, the most impressive decrease ever recorded. The SIA expects to have hit the bottom of the cyclic curve. It might be true as the first element of the production chain, in other words founders, such as TSMC and UMC, have already received new orders. It also makes sense as companies have first tried to empty their stocks. we should see new products in the coming months, however, it is unclear if their price will fit with the current economic environment, for sure the financial results of Apple for the past quarter to be released on April 22nd will be an interesting information.