The conventional view is that the semiconductor industry is consolidating, but Wally Rhines CEO of Mentor Graphics, told the GSA Forum in Munich this morning that it is not consolidating despite the M&A frenzy of 2015.

"Traditionally we're a de-consolidating industry", Rhines told the Forum.

Rhines pointed out that in 1972 the company with the most market share had the same market share as Intel has today.

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