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Semiconductor equipment billings lowest level since 2003
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The latest North America semiconductor equipment sales for August 2008, highlights the continued spate of capital spending cuts with bookings of $884 million, which are at the lowest level since 2003, according to SEMI. Bookings are 36 percent less than the $1.37 billion in orders posted in August 2007. The book-to-bill ration was flat with July, 2008 at 0.83.
“As we approach the end of the third quarter, orders for semiconductor manufacturing equipment remain very weak compared to 2006 and 2007 levels” said Stanley T. Myers, president and CEO of SEMI, “While there are indications of resumed spending in 2009, current economic conditions, industry oversupply and economic uncertainty have resulted in the lowest three month average order level since 2003.”
The three-month average of worldwide billings in August 2008 was $1.07 billion. The billings figure is about one percent less than the final July 2008 level of $1.08 billion, and almost 37 percent less than the August 2007 billings level of $1.68 billion.
