Intel INTC, semiconductors SMH are under fire with consumers retreating to windowshoping

First signs of consumers retrenching for recession defence: demand for Tec products is cut, chips are to suffer.

"SIA lowers 2008 chip sales growth forecast

SIA lowers 2008 semiconductor sales growth forecast to 4.3 percent from 7.7 percent

SAN JOSE, Calif. (AP) -- The Semiconductor Industry Association cut its 2008 semiconductor sales growth forecast Wednesday, citing ongoing pricing pressure in memory chips, and in DRAM memory chips in particular."

http://biz.yahoo.com/ap/080611/sia_forecast.html?.v=1