North American Semiconductor Equipment Industry Posts March 2014 Book-to-Bill Ratio of 1.06

SAN JOSE, Calif. — April 21, 2014 — North America-based manufacturers of semiconductor equipment posted $1.28 billion in orders worldwide in March 2014 (three-month average basis) and a book-to-bill ratio of 1.06, according to the March EMDS Book-to-Bill Report published today by SEMI. A book-to-bill of 1.06 means that $106 worth of orders were received for every $100 of product billed for the month.

The three-month average of worldwide bookings in March 2014 was $1.28 billion. The bookings figure is 1.2 percent lower than the final February 2014 level of $1.30 billion, and is 16.1 percent higher than the March 2013 order level of $1.10 billion.

The three-month average of worldwide billings in March 2014 was $1.21 billion. The billings figure is 5.9 percent lower than the final February 2014 level of $1.29 billion, and is 22.3 percent higher than the March 2013 billings level of $991.0 million.

“Bookings levels for North American semiconductor equipment have remained consistent over the last few reports,” said Denny McGuirk, president and CEO of SEMI. "We look to the months ahead for signs of any inflection.”

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.

Source: SEMI, April 2014

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).

SEMI is the global industry association serving the nano- and micro-electronic manufacturing supply chains. Our 1,900 member companies are the engine of the future, enabling smarter, faster and more economical products that improve our lives. Since 1970, SEMI has been committed to helping members grow more profitably, create new markets and meet common industry challenges. SEMI maintains offices in Bangalore, Beijing, Berlin, Brussels, Grenoble, Hsinchu, Moscow, San Jose, Seoul, Shanghai, Singapore, Tokyo, and Washington, D.C. For more information, visit www.semi.org.