North American Semiconductor Equipment Industry Posts November 2003 Book-To- Bill Ratio of 1.04
Thursday December 18, 6:00 pm ET
SAN JOSE, Calif., Dec. 18 /PRNewswire/ -- -- North American-based manufacturers of semiconductor equipment posted $930 million in orders in November 2003 (three-month average basis) and a book-to-bill ratio of 1.04, according to the November 2003 Express Report published today by SEMI. A book-to-bill of 1.04 means that $104 worth of new orders were received for every $100 of product billed for the month.
The three-month average of worldwide bookings in November 2003 was $930 million. The bookings figure is seven percent above the revised October 2003 level of $871 million and 20 percent above the $777 million in orders posted in November 2002.
The three-month average of worldwide billings in November 2003 was $893 million. The billings figure is three percent above the revised October 2003 level of $867 million and 8.5 percent below the November 2002 billings level of $976 million.
"The continued growth of bookings in November supports the optimism within the industry for a robust upturn in 2004," said Stanley Myers, president and CEO of SEMI. "As announced earlier this month at SEMICON Japan, the year-end SEMI Consensus Forecast shows the world's major equipment manufacturers are projecting growth in 2004 of 39 percent, following a modest eight percent growth this year."
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 Bookings
(Three-month avg.) (Three-month avg.) Book-to-Bill
June 2003 776.5 722.3 0.93
July 2003 785.9 706.9 0.90
August 2003 792.3 731.8 0.92
September 2003 811.1 778.8 0.96
October 2003 (final) 866.5 871.0 1.01
November 2003 (prelim.) 893.1 930.4 1.04
The data contained in this release was compiled by David Powell, Inc., an independent financial services firm, without audit, from data submitted directly by the participants. SEMI and David Powell, Inc. 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 December 2003 Express Report is scheduled for publication on January 20, 2004 (subject to change).
SEMI is a global industry association serving more than 2,500 companies that develop and provide manufacturing technology and materials to the global semiconductor, flat panel display, MEMS and related microelectronics industries. SEMI maintains offices in Austin, Beijing, Brussels, Hsinchu, Moscow, San Jose (Calif.), Seoul, Shanghai, Singapore, Tokyo and Washington, D.C. For more information, visit www.semi.org. |
