Semiconductor equipment industry still beleaguered

The North American-based manufacturers of semiconductor equipment posted $651.1 million in orders in October 2001 and a book-to-bill ratio of 0.71.

The North American-based manufacturers of semiconductor equipment posted $651.1 million in orders in October 2001 and a book-to-bill ratio of 0.71, according to the October 2001 Express Report published by Semiconductor Equipment and Materials International (SEMI).

A book-to-bill of 0.71 means that $71 worth of new orders were received for every $100 of product shipped for the month.

The three-month average of world-wide bookings in October 2001 was $651.1 million. The bookings figure is 5 percent above the revised September 2001 level of $619.2 million and 78 percent below the $2.99 billion in orders posted in October 2000. October 2000 marked the orders peak of the current cycle for North American-based manufacturers.

The three-month average of world-wide billings in October 2001 was $916.2 million. The billings figure is 5 percent below the revised September 2001 level of $967.4 billion and is 64 percent below the October 2000 billings level of $2.57 billion. October 2000 also marked the billings peak of the current cycle.

‘Excess capacity and weak end-market demand continue to beleaguer the semiconductor equipment industry,’ said Stanley Myers, president and CEO of SEMI. ‘While the decline in orders has abated, the average monthly shipment figure continues to weaken and there is no appreciable indication of a near-term trend reversal.’

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 US dollars. Participants report the value of equipment shipped and billed and the value of new orders net of cancellations.

On the web