Wally, very insightsful piece! It begs the question: do you buy into Bill McLean's take at IC Insights that semiconductor CAGRs will move back toward 8 percent annual in the next decade? (http://eetimes.com/electronics-news/4396587/Fab-lite--fewer-startups-to-fuel-doubling-of-IC-growth-rates)
Brian, Bill McLean's forecast is for the next decade; my correlation with capital spending affects only the next 2 or 3 years. I'll leave the long term predictions to the long term forecasting experts.
Drones are, in essence, flying autonomous vehicles. Pros and cons surrounding drones today might well foreshadow the debate over the development of self-driving cars. In the context of a strongly regulated aviation industry, "self-flying" drones pose a fresh challenge. How safe is it to fly drones in different environments? Should drones be required for visual line of sight – as are piloted airplanes? Join EE Times' Junko Yoshida as she moderates a panel of drone experts.