Chip equipment sales rise in November

Zardon · Dec 19, 2002, 08:35 AM

SAN JOSE (REUTERS) - Global orders for semiconductor equipment from North American-based manufacturers ticked higher in November, but are still down from levels hit earlier this year, according to data released on Wednesday, the latest sign that any recovery in new technology demand remains on hold.

The three-month average of worldwide semiconductor equipment bookings, or new orders, in November rose to $779 million, slightly above the $775 million in orders posted in October and 32 percent greater than the $589 million posted a year earlier, when the industry was only beginning to pull itself out of the worst downturn in decades, trade group Semiconductor Equipment and Materials International (SEMI) said on Wednesday.

Equipment billings, a measure of the value of equipment accepted by customers and booked as revenue, was $991 billion in November, down 1 percent from the adjusted October level of $1 billion and up 21 percent from the $817 million posted a year earlier, the San Jose, California-based industry group said.

The monthly data shows a ratio of orders to billings -- known as the book-to-bill ratio -- of 0.79, meaning that only $79 worth in new orders were received for every $100 of product billed for the month, reflecting the extent of the industry slump. In periods of relative industry health, by contrast, bookings outpace billings.

DriveEuro · Dec 19, 2002, 09:59 AM

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Dec 19, 2002, 08:35 AM	#1
Zardon DriverHeaven Founder Join Date: May 2002 Posts: 32,480 Rep Power: 177	Chip equipment sales rise in November SAN JOSE (REUTERS) - Global orders for semiconductor equipment from North American-based manufacturers ticked higher in November, but are still down from levels hit earlier this year, according to data released on Wednesday, the latest sign that any recovery in new technology demand remains on hold. The three-month average of worldwide semiconductor equipment bookings, or new orders, in November rose to $779 million, slightly above the $775 million in orders posted in October and 32 percent greater than the $589 million posted a year earlier, when the industry was only beginning to pull itself out of the worst downturn in decades, trade group Semiconductor Equipment and Materials International (SEMI) said on Wednesday. Equipment billings, a measure of the value of equipment accepted by customers and booked as revenue, was $991 billion in November, down 1 percent from the adjusted October level of $1 billion and up 21 percent from the $817 million posted a year earlier, the San Jose, California-based industry group said. The monthly data shows a ratio of orders to billings -- known as the book-to-bill ratio -- of 0.79, meaning that only $79 worth in new orders were received for every $100 of product billed for the month, reflecting the extent of the industry slump. In periods of relative industry health, by contrast, bookings outpace billings.

Dec 19, 2002, 09:59 AM	#2
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