MILPITAS, CA – North America-based manufacturers of semiconductor equipment posted $2.34 billion in billings worldwide in January (three-month average basis), according to SEMI.

The figure was up 22.9% year-over-year and down 5.9% sequentially.

"January data marked a solid start to 2020, with strong year-over-year billings growth for North America-based semiconductor equipment manufacturers,” said Ajit Manocha, SEMI president and CEO. "We expect the equipment market to recover from the soft 2019, though growth prospects may need to be tempered with the potential industry impacts of the coronavirus outbreak.”