The following video is part of our "Motley Fool Conversations" series, in which technology editor/analyst Andrew Tonner and consumer goods editor/analyst Austin Smith discuss topics across the investing world.

The semiconductor market got put through the ringer in 2011. Due to global supply chain disruptions of key hardware inputs, many observers expected to see some weak performances from key players in the space. However, as we see this earnings season progress, we've seen certain companies put on some pretty impressive showings. Even more intriguing, one of the CEOs of a large semiconductor company also made one extremely bold prediction during his company's conference call.

In this video, Andrew weighs in on what he's seen so far this earnings season and what investors can expect in the year to come.

Andrew Tonner and Austin Smith have no positions in the stocks mentioned above. The Motley Fool owns shares of Google, Intel, Qualcomm, and Texas Instruments. Motley Fool newsletter services recommend Google, Intel, and NVIDIA. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.