Economic uncertainty in the developed world is affecting orders, says Rich Beyer, CEO of Freescale.
"There is a slowdown as we speak," said Beyer at the Freescale Technology Forum in Bangalore, “the impact of the current turmoil in developed markets is going to be known only over a period of time."
Beyer is echoing other chip CEOs like Morris Chang of TSMC and Richard Clemmer of NXP who have blamed the US and European debt problems for customers’ reluctance to spend on technology.
Problems caused by the Japanese tsunami should be over by Q4. Freescale’s automotive business had been hit when car makers closed factories because of shortages of components caused by the earthquake.
Now Freescale expects these problems to be sorted during Q3.