Friday, December 19, 2003
North American-based manufacturers of semiconductor equipment posted a book-to-bill ratio of 1.04 in November, up from 1.01 in October 2003, according to the Semiconductor Equipment and Materials International (SEMI) trade group.
A book-to-bill of 1.04 means that $104 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 was $930 million in November. The bookings figure is up 7 percent from the revised October 2003 level of $871 million and 20 percent above the $777 million in orders posted in November 2002.
The three-month average of worldwide billings in November 2003 was $893 million. The billings figure is 3 percent above the revised October 2003 level of $867 million and 8.5 percent below the November 2002 billings level of $976 million.
"The continued growth of bookings in November supports the optimism within the industry for a robust upturn in 2004," said Stanley Myers, president and CEO of SEMI. "As announced earlier this month at Semicon Japan, the year-end SEMI Consensus Forecast shows the world's major equipment manufacturers are projecting growth in 2004 of 39 percent, following a modest eight percent growth this year."
By: DocMemory
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