North American semiconductor equipment industry posts 1.05 book-to-bill ratio

March 18, 2016

San Jose, CA. North America-based manufacturers of semiconductor equipment posted $1.26 billion in orders worldwide in February 2016 (three-month average basis) and a book-to-bill ratio of 1.05, according to the February EMDS Book-to-Bill Report published yesterday by SEMI.  A book-to-bill of 1.05 means that $105 worth of orders were received for every $100 of product billed for the month.

SEMI reports that the three-month average of worldwide bookings in February 2016 was $1.26 billion. The bookings figure is 3.7% lower than the final January 2016 level of $1.31 billion, and is 3.9% lower than the February 2015 order level of $1.31 billion.

The three-month average of worldwide billings in February 2016 was $1.20 billion. The billings figure is 1.3% lower than the final January 2016 level of $1.22 billion, and is 5.9% lower than the February 2015 billings level of $1.28 billion.

“The book-to-bill ratio has remained at or above parity for three months in a row,” said Denny McGuirk, president and CEO of SEMI. “The data indicate an improved spending trend in the second half of the year, driven by 3D NAND and 10-nm investments.”

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.

Billings
(3-mo. avg)

Bookings
(3-mo. avg)

Book-to-Bill

September 2015

$1,495.0

$1,554.9

1.04

October 2015

$1,358.6

$1,325.6

0.98

November 2015

$1,288.3

$1,236.6

0.96

December 2015

$1,349.9

$1,343.5

1.00

January 2016 (final)

$1,221.2

$1,310.9

1.07

February 2016 (prelim)

$1,204.8

$1,262.4

1.05

Source: SEMI (www.semi.org), March 2016

The data contained in this release were compiled by David Powell Inc., an independent financial services firm, without audit, from data submitted directly by the participants. SEMI and David Powell, Inc. assume no responsibility for the accuracy of the underlying data.

The data are contained in a monthly Book-to-Bill Report published by SEMI. The report tracks billings and bookings worldwide of North American-headquartered manufacturers of equipment used to manufacture semiconductor devices, not billings and bookings of the chips themselves. The Book-to-Bill report is one of three reports included with the SEMI Equipment Market Data Subscription (EMDS).

About the Author

Rick Nelson | Contributing Editor

Rick is currently Contributing Technical Editor. He was Executive Editor for EE in 2011-2018. Previously he served on several publications, including EDN and Vision Systems Design, and has received awards for signed editorials from the American Society of Business Publication Editors. He began as a design engineer at General Electric and Litton Industries and earned a BSEE degree from Penn State.

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