News
ANGLETON, TX, Sept. 16 -- Benchmark Electronics today announced it would split its chief executive and chairman roles. President and chief operating officer Cary Fu will now also be chief executive.
The current chairman and CEO, Donald E. Nigbor, will remain chairman.
CFO and treasurer Gayla J. Delly will now also be executive vice president.
"The board of directors decided to separate the roles to further enhance the corporate governance standards of the company," Nigbor said in a statement.
SMT Resource Group sells, integrates and provides support and service for new and refurbished assembly equipment.
Encore provides financing for equipment procurement.
The slowing will mainly affect fourth-quarter revenues, iSuppli forecast, saying second-half strong growth will be in the range of 10% higher than the first-half. First-half global semiconductor sales grew 31.4% year-on-year, but second-half sales will decelerate to 20% growth, the firm said.
iSuppli revised its 2005 forecast to 9.6%, down from 11.8%. The firm upped its forecast for 2004 one point, to 25.4%.
iSuppli forecast 1H 2005 sequential growth of less than 2%, followed by a pickup to 6% in the second half.
DRAM sales are expected to take a dive in 2006, limiting overall semiconductor growth to 2%. iSuppli predicts 2006 will mark the bottom of the semiconductor downturn.
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