Tough Times for Technology?

Those of you who are out there rejoicing WiMAX, Broadband over Powerline and other such incremental technologies, it is time to pay heed to Morris Chang, the 73-year-old maverick who founded Taiwan Semiconductor Manufacturing Company. He tells The New York Times, that

we’re all going to see lower growth in the next 10 years,” and “Next year “will not be a very high-growth year, but it will be a positive year; beyond that I’m pessimistic. If Moore’s law has not slowed down in the lab, it will surely slow down in the marketplace, and that in turn will have an effect on foundries.

Interesting point, because unlike others I like to read the fortunes of technology sector in tea-leaves called chips. Silicon is the building block our networked life. If steel was the backbone of industrial age, silicon has been the fuel of our modern post-industrial lives. A slowing chip sector roughly translates into a slower growth for the entire technology food chain. It is also indicative of the fact, that the silicon power has outpaced the imagination. We as consumers of technology have figured out ways to consume the “intelligence” silicon brings to us. We still are only indulging in incremental improvements.

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