SAN FRANCISCO—The three-month rolling average of billings among semiconductor equipment vendors based in North America hit $2.03 billion in March, its highest total in 16 years, according to the SEMI trade organization.
The three-month average of billings was up 69 percent compared to March 2016, the sixth consecutive month of year-over-year growth. The billings figure was also up 3 percent from February.
"March billings reached robust levels not seen since March 2001," said Dan Tracy, senior director of industry research and statistics at SEMI, in a statement. "The equipment industry is clearly benefiting from the latest semiconductor investment cycle."
The three-month moving averages of worldwide billings for North American-based semiconductor equipment manufacturers in millions of U.S. dollars.
SEMI, which represents semiconductor equipment and materials suppliers worldwide, ceased publishing a monthly North America book-to-bill report in January after more than 25 years.
Market watchers are projecting that semiconductor equipment sales will rise more than 10 percent from 2016, when sales were about $41 billion.
—Dylan McGrath is the editor-in-chief of EE Times.