North American Semiconductor Equipment Industry Posts January 2002 Book-to-Bill Ratio of 0.81
SAN JOSE, Calif., February 19, 2002 -- The North American-based manufacturers of semiconductor equipment posted $636.9 million in orders in January 2002 (three-month average basis) and a book-to-bill ratio of 0.81, according to the January 2002 Express Report published today by Semiconductor Equipment and Materials International (SEMI). A book-to-bill of 0.81 means that $81 worth of new orders were received for every $100 of product billed for the month.
The three-month average of worldwide bookings in January 2002 was $636.9 million. The bookings figure is 1.3 percent above the revised December 2001 level of $628.5 million and 66 percent below the $1.85 billion in orders posted in January 2001.
The three-month average of worldwide billings in January 2002 was $784.0 million. The billings figure is 4 percent below the revised December 2001 level of $819.3 million and 66 percent below the January 2001 billings level of $2.31 billion.
"Front-end equipment bookings are at a low point for this downturn," said Stanley Myers, president and CEO of SEMI. "The improvement in overall equipment bookings, was driven by a fifty percent increase in the final manufacturing bookings. January marks the second consecutive month in which bookings for the final manufacturing equipment segment increased significantly from its previously weakened state."
The SEMI book-to-bill is a ratio of three-month moving average bookings to three-month moving average billings for the North American semiconductor equipment industry. Billings and bookings figures are in millions of U.S. dollars.
Billings
(Three-month avg.) Bookings
(Three-month avg.) Book-to-Bill
August 2001 1,143.7 714.6 0.62
September 2001 960.7 614.0 0.64
October 2001 895.5 644.4 0.72
November 2001 (final) 817.2 588.9 0.72
December 2001 (revised) 819.3 628.5 0.77
January 2002 (prelim.) 784.0 636.9 0.81
Within 2001, U.S. companies participating in the semiconductor equipment industry have transitioned to reporting revenues in accordance with the new standards of the Securities and Exchange Commission's Staff Accounting Bulletin No. 101 (SAB 101). January marks a change in definition for the billings figure reported in the Express Report. SEMI has officially adopted a revenue-based definition for the billings portion of the report in order to be consistent with company reporting practices and generally accepted accounting principles.
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 billings and orders worldwide of North American-based manufacturers of equipment used to manufacture semiconductor devices, not billings and orders of the chips themselves. The February 2002 Express Report is scheduled for publication on March 19, 2002 (subject to change).
Based in San Jose, Calif., SEMI is an international industry association serving more than 2,500 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.
INDUSTRY/IR CONTACT:
Dan Tracy/SEMI
Ph: 408.943.7987
E-mail: dtracy@semi.org MEDIA CONTACT:
Jonathan Davis/SEMI
Ph: 408.943.6937
E-mail: jdavis@semi.org
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