Philipo,Or more directly inventory starts to back up or orders slowed. A recession is more of a top level cause/effect (and hard to define or pin down given varying opinions). Still feels like one hell of a recession in my world....I am speaking about the chip industry from a high level view. Chip production expanded in the years following the last few recessions in the US. The industry underwent serious contractions during the recessions because of the decline in user demand.That doesn't mean that there weren't inventory corrections, hard times for individual companies, etc. during those expansions.Anyway, it's nice to hear from someone actually in the chip industry.Jim
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