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November 15th, 2010
Abstract:
There is no doubt that nanotech will play a major role in the future of global technology, with US companies reportedly investing US$2.75 billion in nanotechnology research and development. Of this amount, 50% is for electronics and information technology; 37% for materials and manufacturing; 8% for health care and life sciences; and the remainder mainly for energy and environment. The US National Science Foundation has predicted sales of nanotech-related products will reach US$1 trillion by 2015 and provide at least 800,000 new jobs in the US alone.
On the flip side, the nanotech sector in general has performed poorly since the technology bubble burst. Investors have shunned the sector in the wake of the global financial crisis, with a fair number of nanotech stocks falling by 30% to 40% in 2009 alone and a slew of companies remaining both unprofitable and speculative plays, according to investment analyst David Sterman.
Source:
theasset.com
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