Semiconductor equipment orders plunge

Orders for semiconductor manufacturing equipment from North American vendors plunged in September as signs of a sustained recovery in the semiconductor market remained elusive and chip makers held off on capital spending, according to industry organization Semiconductor Equipment and Materials International (SEMI).

The preliminary book-to-bill ratio for equipment orders from North American manufacturers fell to 0.84 in September from 1.02 in August, SEMI said.

The book-to-bill that SEMI tracks is a ratio of three-month moving average of bookings to three-month moving average billings for North American semiconductor equipment makers. A book-to-bill ratio of 0.84 in September means that US$84 worth of new orders were received for every US$100 of sales billed that month.

The three-month moving average of bookings in September was US$822.6 million, down from US$1.02 billion in August.

“The persistence of poor forward visibility continues to hamper the ability to forecast the timing of the next up-cycle in capital spending,” SEMI said in a statement.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now