SAN FRANCISCO—The book-to-bill ratio for North American semiconductor capital equipment manufacturers slipped below parity in October for the first time in 15 months, according to the Semi trade group.
Semi (San Jose, Calif.) said North America-based chip gear manufacturers posted $1.59 billion in orders in October—on a three-month rolling average basis. Orders were down 3.5 percent from September, but 110.7 percent above October 2009.
The three-month average of worldwide billings in October was $1.62 billion, Semi said, down 0.7 percent from September and up 133.7 percent from October 2009.
A book-to-bill of 0.98 means that $98 worth of orders was received for every $100 of product billed for the month.
"The October book-to-bill ratio dipped below parity for the first time since June 2009 as continued billings strength was accompanied by a hesitation in new orders,” said Stanley T. Myers, president and CEO of Semi, in a statement. "The market for new equipment reflects seasonal softening and near-term respite in capital spending in some segments of the industry. However, bookings remain at more than double the figure reported one year ago and above the average figure reported during the 2006-2007 cycle.”