Olds suggested that the best approach for chip makers might be to "gang up with other bright guys and get the technology right together."
In fact, KPMG predicted that the likelihood of slower growth and uncertain profits will spark a new wave of mergers in the chip industry.
"Companies will try to buy new products and innovations, rather than getting them through R&D," Matuszak said. "We'll see further consolidation, and more companies outsourcing their manufacturing so they can focus on innovation."
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