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Article: Weathering the Storm.(testing equipment industry forecasted)(Industry overview)
- Article from:
- Test & Measurement World
- Article date:
- July 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Lawrence D. Maloney, Contributing Editor
A severe global recession has challenged the survival skills of many of the test field's premier companies.
Like many sectors of the economy, the electronics test industry started the year 2008 battling very choppy business seas and ended it facing something resembling a perfect storm, as the global economy tanked following the October stock market plunge.
Last year saw sharp cutbacks in semiconductor production--a slide that continues in 2009--causing huge revenue losses at major ATE (automated test equipment) companies serving that industry. In response, most ATE firms early this year announced ...