North American Semiconductor Equipment Industry Posts June 2002 Book-to-Bill Ratio of 1.28
SAN JOSE, Calif., July 19, 2002 -- The North American-based manufacturers of semiconductor equipment posted $1.16 billion in orders in June 2002 (three-month average basis) and a book-to-bill ratio of 1.28, according to the June 2002 Express Report published today by Semiconductor Equipment and Materials International (SEMI). A book-to-bill of 1.28 means that $128 worth of new orders were received for every $100 of product billed for the month.
The three-month average of worldwide bookings in June 2002 was $1.16 billion. The bookings figure is five percent above the revised May 2002 level of $1.11 billion and 59 percent above the $731 million in orders posted in June 2001.
The three-month average of worldwide billings in June 2002 was $906 million. The billings figure is four percent above the revised May 2002 level of $869.6 million and 33 percent below the June 2001 billings level of $1.36 billion.
"Amidst mixed signals about capital spending plans from global chip makers, the North American-based semiconductor equipment industry has posted several months of incremental billings growth," said Stanley Myers, president and CEO of SEMI. "While there are concerns about the strength of improvements this year, seven months of sequential bookings growth and our recent industry consensus survey support expectations for a market rebound in 2003 and 2004."
The SEMI book-to-bill is a ratio of three-month moving average bookings to three-month moving average billings for the North American semiconductor equipment industry. Billings and bookings figures are in millions of U.S. dollars.
Billings
(Three-month avg.) Bookings
(Three-month avg.) Book-to-Bill
January 2002 799.9 645.2 0.81
February 2002 818.0 737.2 0.90
March 2002 797.6 835.9 1.05
April 2002 814.6 995.6 1.22
May 2002 (final) 869.6 1,105.2 1.27
June 2002 (prelim.) 906.4 1,159.1 1.28
