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Orders for new semiconductor equipment are rising as the book-to-bill ratio reached 1.01 in February.The three-month average of semiconductor equipment orders in February totaled $1.33 billion, a 12.2 percent increase from January, according to trade association SEMI. However, orders were down 16.5 percent from February 2011.
The three-month average of worldwide billings in February 2012 was $1.32 billion, a 6.4 percent increase from January. Billings declined 28.3 percent from February 2011 when billings were $1.84 billion.
The semiconductor book-to-bill ratio in February was 1.01. That means equipment manufacturers received $101 in new orders for every $100 of orders they shipped in February.
The book-to-bill ratio is over parity for the first time since September 2010, according to Denny McGuirk, president and CEO of SEMI. “Investments in advanced process technologies for NAND flash, microprocessors, and foundries are key spending drivers for the year,” he said.