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The book-to-bill ratio for semiconductor equipment increased to 0.95 in March, as new orders for equipment increased 1.5 percent from February, according to trade association SEMI.
The three-month average of worldwide bookings in March 2011 was $1.62 billion compared to $1.60 billion in February, and 21.6 percent higher than the $1.33 billion in orders posted in March 2010.
For the third consecutive month, the semiconductor equipment book to bill ratio increased.The three-month average of worldwide billings in March 2011 was $1.70 billion, about 7.6 percent less than the final February 2011 level of $1.84 billion, reported SEMI. However, the March billings figure was 54.4 percent more than the March 2010 billings level of $1.10 billion.
The equipment book-to-bill ratio increased from 0.87 in February to 0.95, and was the third consecutive month the ratio increased. A book-to-bill of 0.95 means that equipment manufacturers received $95 worth of new orders for every $100 of product that they shipped for the month.
"Orders are over 20 percent higher than one year ago and we see industry investments remaining steady," said Stanley T. Myers, president and CEO of SEMI.