SAN JOSE — The 90-day moving average orders at North America-based semiconductor equipment manufacturers fell nearly 20% in February from last year.

Worldwide bookings fell 20 basis points sequentially from the revised January figure to $1.07 billion. The industry received $1.34 billion in orders a year ago.

Three-month average worldwide billings fell 26.3% from a year ago and 80 basis points sequentially to $975.3 million.

The book-to-bill ratio was 1.10, according to the SEMI trade group, meaning $110 worth of orders were received for every $100 of product billed for the month. A ratio over 1.0 is considered a sign of future growth. However, when shipments fall faster than orders, the ratio also climbs.

Source: SEMI, March 2013

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