Semi Equipment & Materials Book-to-Bill 0.42
semi.org
North American Semiconductor Equipment Industry Posts April 2001 Book-to-Bill Ratio of 0.42
SAN JOSE, Calif., May 22, 2001 -- The North American-based manufacturers of semiconductor equipment posted $711.8 million in orders in April 2001 and a book-to-bill ratio of 0.42, according to the April 2001 Express Report published today by Semiconductor Equipment and Materials International (SEMI). A book-to-bill of 0.42 means that $42 worth of new orders were received for every $100 of product shipped for the month.
The three-month average of worldwide bookings in April 2001 was $711.8 million. The bookings figure is 41 percent below the revised March 2001 level of $1.20 billion and 74 percent below the $2.72 billion in orders posted in April 2000.
The three-month average of worldwide shipments in April 2001 was $1.68 billion. The shipments figure is 17 percent below the revised March 2001 level of $2.03 billion but is 15 percent above the April 2000 shipments level of $1.99 billion.
"The severity and depth of this industry correction is unprecedented," said Stanley T. Myers, president and CEO of SEMI. "The book-to-bill ratio is the lowest that the industry has posted in the past decade and reflects the sharp order decline in April 2001. Cancellations of previously reported orders for semiconductor manufacturing equipment were a significant contributor to the monthly bookings decline as worldwide chip manufactures make adjustments to bring capacity and inventory in line with demand."
The SEMI book-to-bill is a ratio of three-month moving average bookings to three-month moving average shipments for the North American semiconductor equipment industry. Shipments and bookings figures are in millions of U.S. dollars.
Shipments Bookings Book-to-Bill
November 2000 2,422.4 2,707.3 1.12
December 2000 2,389.5 2,372.3 0.99
January 2001 2,308.4 1,854.2 0.80
February 2001 (final) 2,279.3 1,610.9 0.71
March 2001 (rev.) 2,026.4 1,203.5 0.59
April (prelim.) 1,684.5 711.8 0.42
The data contained in this release was compiled by the independent public accounting firm of Arthur Andersen LLP, without audit, from data submitted directly by the participants. SEMI and Arthur Andersen LLP can assume no responsibility for the accuracy of the underlying data.
The data are contained in a monthly Express Report published by SEMI that tracks shipments and orders worldwide of North American-based manufacturers of equipment used to manufacture semiconductor devices, not shipments and orders of the chips themselves. The May 2001 Express Report is scheduled for publication on June 21, 2001 (subject to change).
Based in San Jose, Calif., SEMI is an international trade association serving more than 2,400 companies participating in the semiconductor and flat panel display equipment and materials markets. SEMI maintains offices in Austin, Beijing, Boston, Brussels, Hsinchu, Moscow, Seoul, Singapore, Tokyo and Washington, D.C. For more information, visit SEMI on the Internet at www.semi.org.
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