North American Semiconductor Equipment Industry Posts September 2003 Book-to-Bill Ratio of 0.95
SAN JOSE, Calif., October 20, 2003 -- North American-based manufacturers of semiconductor equipment posted $760.5 million in orders in September 2003 (three-month average basis) and a book-to-bill ratio of 0.95, according to the September 2003 Express Report published today by SEMI. A book-to-bill of 0.95 means that $95 worth of new orders were received for every $100 of product billed for the month.
The three-month average of worldwide bookings in September 2003 was $760.5 million. The bookings figure is four percent above the revised August 2003 level of $732 million and 8.5 percent below the $832 million in orders posted in September 2002.
The three-month average of worldwide billings in September 2003 was $803.5 million. The billings figure is one percent above the revised August 2003 level of $792 million and 23 percent below the September 2002 billings level of $1.04 billion.
"September continues the conservative spending trends we've seen in 2003, especially in the front end equipment sector," said Dan Tracy, SEMI director of industry research. "Positive economic signs and rising fab capacity utilization levels, coupled with current cautious investments, points towards higher spending growth in 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.
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