North American semiconductor equipment suppliers reported higher bookings and billings in April as the industry’s book-to-bill ratio remained above parity for the fourth consecutive month, according to the SEMI trade group.
North American fab tool vendors posted a book-to-bill ratio of 1.04 in April on a three-month average basis, SEMI says. A book-to-bill ratio of 1.04 means that $104 worth of orders were received for every $100 of product billed for the month.
The three-month average of worldwide bookings in April was $1.57 billion, up 12.9% from March and up 9% from April 2014. The three-month average of worldwide billings in April was $1.51 billion, up 19.3% from March and up 7.6% from April 2014.
“Both bookings and billings trends have improved, with the ratio remaining above parity over the past four months," says Denny McGuirk, president and CEO of SEMI, in a statement. “Orders are higher than last year’s numbers, and current spending is on target with 2015 capex plans.”
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