Mountain View, Calif.--Nov. 18, 1997--The North American semiconductor equipment industry posted a book-to-bill ratio of 1.06 for October 1997, it was reported by Semiconductor Equipment and Materials International (SEMI; Mountain View). A book-to-bill of 1.06 means $106 in orders were received for each $100 worth of products shipped.
Three-month average shipments declined slightly in October 1997 to $1.5 billion. The figure is five percent below the September 1997 level but 44 percent above the October 1996 level. Three-month average bookings decreased in October 1997 to $1.6 billion. The bookings figure declined eight percent below the September 1997 level but is 97 percent above the October 1996 level.
"It is not unusual for shipments and bookings to slow a bit in the fourth quarter. What is important is that current order levels for front end equipment have nearly doubled in the last twelve months," said Dick Greene, principal analyst with SEMI. "It is cost effective for device makers to invest in new technology; this may support continued growth of technology buys going forward."
The SEMI book-to-bill is a ratio of three-month moving average bookings to three-month moving average shipments. Shipments and bookings figures are in millions of U.S. dollars.
Mountain View, CA
Return to Headlines