Saturday, February 20, 2010

Book To Bill Report

Thursday evening SEMI released bookings and billings for North American based semiconductor capital equipment suppliers.   It’s a lagging indicator but I think it is still worth noting…..  The full press release from SEMI follows the break.

The three month moving average of bookings has now crossed the $1 billion mark – and in the coming months it looks like it will go even higher.   Billings are currently a shade below that mark but should get there next month.   Visibility is improving and lead times are stretching out which implies that this cycle will  last longer than many anticipate.

Somewhat related, distributors for consumables and equipment components are openly talking about shortages.  Obviously the carnage that took place in the supply chain has folks scrambling.

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SEMI Book To Bill Numbers (Press Release)

SAN JOSE, Calif. – February 18, 2010 – North America-based manufacturers of semiconductor equipment posted $1.13 billion in orders in January 2010 (three-month average basis) and a book-to-bill ratio of 1.20, according to the January 2010 Book-to-Bill Report published today by SEMI. A book-to-bill of 1.20 means that $120 worth of orders was received for every $100 of product billed for the month.

The three-month average of worldwide bookings in January 2010 was $1.13 billion. The bookings figure is up 24.1 percent from the final December 2009 level of $912.7 million, and more than three times higher than the $277.2 million in orders posted in January 2009.

The three-month average of worldwide billings in January 2010 was $946.3 million. The billings figure is 11.3 percent greater than the final December 2009 level of $850.1 million, and 62.0 percent more than the January 2009 billings level of $584.2 million.

"Semiconductor capital equipment bookings are at the highest level since April 2008," said Stanley T. Myers, president and CEO of SEMI. "The Book-to-Bill ratio of 1.20 reflects the robust capex spending plans announced by semiconductor device manufacturers over the past several months.”

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.

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