SAN JOSE, CA - North American-based manufacturers of semiconductor equipment posted $1.23 billion in orders in February 2008 and a book-to-bill ratio of 0.93, according to a report published by Semiconductor Equipment and Manufacurers International (SEMI). The report shows a book-to-bill of 0.93, meaning that $93 worth of orders were received for every $100 of product billed for the month. A book-to-bill ratio of less than 1.0 indicates a decreasing trend in sales.

The bookings figure is about 8% greater than the January 2008 level of $1.14 billion, but 12% less than the $1.4 billion in orders posted in February 2007.

The three-month average of February 2008 worldwide billings was $1.32 billion. This figure is about 3% greater than the final January 2008 level of $1.28 billion, but about 8% less than the February 2007 billings level of $1.42 billion.

"The three month average for North American bookings and billings improved slightly in February, however they remain at levels below those reported last year," said Stanley T. Myers, president and CEO of SEMI. “Though current inventory and utilization rates are at healthy levels, device manufacturers are being conservative in their Capex spending."

The SEMI book-to-bill is a ratio of three-month moving average of worldwide bookings and billings for North American-based semiconductor equipment manufacturers.

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