Book-to-bill

The market for semiconductor equipment is beginning to recover from the downturn of 2001, according to Stanley Myers, president and CEO of SEMI.

North American-based manufacturers of semiconductor equipment posted $982 million in orders in April 2002 (three-month average basis) and a book-to-bill ratio of 1.20, according to the April 2002 Express Report published by Semiconductor Equipment and Materials International (SEMI).

A book-to-bill of 1.20 means that $120 worth of new orders were received for every $100 of product billed for the month.

The three-month average of worldwide bookings in April 2002 was $982 million. The bookings figure is 17 percent above the revised March 2002 level of $836 million and 36 percent above the $721 million in orders posted in April 2001.

The three-month average of worldwide billings in April 2002 was $822 million. The billings figure is three percent above the revised March 2002 level of $798 million and 50 percent below the April 2001 billings level of $1.65 billion.

‘While the jump in April’s numbers likely reflect an end-of-quarter up-tick in bookings, the fact that we have seen bookings improve for five consecutive months is a promising sign that the market for semiconductor equipment is beginning to recover from the downturn of 2001,’ said Stanley Myers, president and CEO of SEMI.

‘Recent announcements by leading foundries of increased capital spending plans for 2002 are another sign of an brightening market outlook.’

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