MILPITAS, CA – North America-based manufacturers of semiconductor equipment posted $2.03 billion in billings worldwide in March (three-month average basis), up 69.2% year-over-year and 2.6% sequentially, according to SEMI.

“March billings reached robust levels not seen since March 2001," said Dan Tracy, senior director, Industry Research and Statistics, SEMI. “The equipment industry is clearly benefiting from the latest semiconductor investment cycle.”