March 27, 2006

North American-based manufacturers of semiconductor equipment posted $1.3 billion in orders in February on a three-month average basis and a book-to-bill ratio of 1.01 according to SEMI.

A book-to-bill of 1.01 means that $101 worth of orders were received for every $100 of product billed for the month.

Bookings were almost 6% higher than revised January levels and almost 27% higher year-over-year.

The three-month average of worldwide billings in February 2006 was $1.29 billion.

Billings grew 2% over revised January levels but fell 3% versus February 2005.

"Increasing booking and billing levels over the past quarter are indicative of healthy growth, as companies are investing more dollars in technology and capacity," said Stanley T. Myers, president and CEO.

"The book-to-bill has hit parity for the first time since August 2004, so we are optimistic about growth in the equipment market for 2006."

The SEMI book-to-bill is a ratio of three-month moving averages of worldwide bookings and billings for North American-based semiconductor equipment manufacturers.

Billings and bookings figures are in millions of U.S. dollars.

Source: Circuits Assembly.com