Book to bill

The North American-based manufacturers of semiconductor equipment posted $1.16 billion in orders in June 2002 and a book-to-bill ratio of 1.28.

The North American-based manufacturers of semiconductor equipment posted $1.16 billion in orders in June 2002 (three-month average basis) and a book-to-bill ratio of 1.28, according to the June 2002 Express Report published by Semiconductor Equipment and Materials International (SEMI).

A book-to-bill of 1.28 means that $128 worth of new orders were received for every $100 of product billed for the month.

The three-month average of world-wide bookings in June 2002 was $1.16 billion. The bookings figure is 5% above the revised May 2002 level of $1.11 billion and 59% above the $731 million in orders posted in June 2001.

The three-month average of world-wide billings in June 2002 was $906 million. The billings figure is 4% above the revised May 2002 level of $869.6 million and 33% below the June 2001 billings level of $1.36 billion.

‘Amidst mixed signals about capital spending plans from global chip makers, the North American-based semiconductor equipment industry has posted several months of incremental billings growth,’ said Stanley Myers, president and CEO of SEMI. ‘While there are concerns about the strength of improvements this year, seven months of sequential bookings growth and our recent industry consensus survey support expectations for a market rebound in 2003 and 2004.’

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.

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