Recession led to technological breakthroughs

This economic crisis could boost the development of technology. About this view is joined participants in the exhibition Semicon 2009 in San Francisco, which reports vnunet.com.
Recession forced some producers to rethink its investment policy. Instead of building new plants, companies that have cash balances start to increase investment in research and development.
Capital investments are not large due to precautionary companies. Until two years before the 17 chip manufacturers have invested billions of dollars in development of new technologies, then in 2008 only 3 companies in their continued commitment rate – these are Samsung, TSMC and Intel, inform TechNews.
History shows that economic difficulties may become base for technological breakthroughs, said Chandrazeker Anand, senior vice president of Intel Ultra Mobility Group.
For example, as a result of the oil crisis 70 years of last century was invented the mobile phone. Recession in the 80’s did provoke the creation of the PC. Oposkanite stock markets in 1987 led to the emergence of global network Internet.

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