Market research firm, IHSiSuppli's ApplicationMarketForecastTool (AMFT) has cut its global chip market growth rate forecast about the market in 2012, compared than the one in 2011, revenues has a slight decline of 0.1%, mainly due to macroeconomic boom debilitating, and therefore lead to weak PC demand and other electronic products. IHSAMFT previously predicted the growth rate of the global chip market in 2012 , a maximum of 3%; if the agency's latest forecast data comes true, the global chip market in 2012 will have first recession since 2009. The senior analyst of IHS, Dale Ford said: "I am afraid that in 2012 chip market shows signs of deterioration, this is a major event for the global semiconductor industry." Several industry research institutes recently cut its global chip market forecast data in 2012,including ICInsights, SemicoResearch and FutureHorizons; many analysts now believe that the market performance in 2012 will be flat with 2011, a few will have recession,including senior analyst of semiconductor industry ,MikeCowan ,and another market research firm, SemiconductorIntelligence. And others predicted that the chip market this year will have the growth rate of between 2-8%. The Ford of IHS said ,despite the overall performance of electronics industry is very weak in 2012, the agency has never predict the annual chip market is showing signs of deterioration; However, the disappointing results of the second quarter of the market, the expected results for the third quarter is also affected by bad economy ,various factors make IHS predict this year the market will show a recession .