SAN JOSE, Calif. " North American-based manufacturers of semiconductor equipment posted a book-to-bill ratio of 0.97 in July, up from 0.93 in June, according to the Semiconductor Equipment and Materials International (SEMI) trade group.
A book-to-bill of 0.97 means that $97 worth of new orders were received for every $100 of product billed for the month. 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.
The three-month average of worldwide bookings in July was $763 million. The bookings figure is 6 percent above the revised June 2003 level of $722 million and 35 percent below the $1.18 billion in orders posted in July 2002.
The three-month average of worldwide billings in July 2003 was $788 million. The billings figure is 1 percent above the revised June 2003 level of $777 million and 19 percent below the July 2002 billings level of $969 million.
"Bookings grew for the first time since the March report due to improved order levels of wafer processing equipment," Stanley Myers, president and CEO of SEMI, said in a statement. "The total semiconductor capital equipment sector remains on course to experience modest growth in 2003."