As a result of an unfavorable economic environment analysts are predicting the global semiconductor market to decline for the first time in 3 years. IHS iSuppli recently revised their global semiconductor market chip revenue forecast to contract by 0.1 percent. Their previous forecast predicted a growth of less than 3 percent. "The expected decline in 2012 represents a major event for the global semiconductor market. Throughout all of 2011, even though electronics markets were very weak, IHS never projected revenue to decline for the entire year. However, the disappointing results in the second quarter and weak third-quarter expectations driven by poor economic conditions are expected to cause the semiconductor market to retreat this year," said Dale Ford, senior director at IHS. Paragon Report releases regular market updates on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters. Intel reported second quarter 2012 revenues of $13.5 billion, and net income of $2.8 billion. "The second quarter was highlighted by solid execution with continued strength in the data center and multiple product introductions in Ultrabooks and smartphones," said Paul Otellini, Intel president and CEO. "As we enter the third quarter, our growth will be slower than we anticipated due to a more challenging macroeconomic environment." SanDisk Corporation is a global leader in flash memory storage solutions, from