The North American-based manufacturers of semiconductor equipment posted $1.8 billion in orders in February 2001 and a book-to-bill ratio of 0.77, according to the March 2001Express Report published today by Semiconductor Equipment and Materials International (SEMI).
A book-to-bill of 0.77 means that orders were 23 percent
lower than shipments for the month.
The three-month average of worldwide bookings in February 2001 was $1.80 billion. The bookings figure is 4% below the revised January 2001 level of $1.87 billion and 22% below the $2.30 billion in orders posted in February 2000.
The three-month average of worldwide shipments in February 2001 was $2.35 billion. The shipments figure is one percent above the revised January 2001 level of $2.33 billion but is 48% above the February 2000 shipments level of $1.59 billion.
"Semiconductor equipment shipments have remained at about the same level as last month. However, the book-to-bill ratio reflects the continued erosion in bookings," said Stanley Myers, president and CEO of SEMI, in a released statement.
"While the month-over-month order decline slowed from the sharp drop in January, the semiconductor equipment industry continues to reflect softening demand within the electronics ecosystem. The equipment industry is well into its cyclic contraction as February orders are forty percent below the peak of this cycle
set in October, 2000."