Wally Rhines, chairman and CEO of Mentor Graphics, summarizes the key themes from his keynote at SEMICON West. His contention is that the industry is not consolidating — never has — and shows no signs of doing so in the future. He notes that the 45nm and 65nm nodes are taking off at exactly the same rate as 90nm, 130nm and 180nm did. And with new applications bringing new companies into the fold along with new revenue streams, he says the semiconductor industry is poised to recover at a faster pace than the overall economy.