North American Semiconductor Equipment Industry Posts February 2014 Book-to-Bill Ratio of 1.00

SAN JOSE, Calif. — March 20, 2014 — North America-based manufacturers of semiconductor equipment posted $1.29 billion in orders worldwide in February 2014 (three-month average basis) and a book-to-bill ratio of 1.00, according to the February EMDS Book-to-Bill Report published today by SEMI. A book-to-bill of 1.00 means that $100 worth of orders were received for every $100 of product billed for the month.

The three-month average of worldwide bookings in February 2014 was $1.29 billion. The bookings figure is 0.7 percent higher than the final January 2014 level of $1.28 billion, and is 20.1 percent higher than the February 2013 order level of $1.07 billion.

The three-month average of worldwide billings in February 2014 was $1.29 billion. The billings figure is 4.5 percent higher than the final January 2014 level of $1.23 billion, and is 32.2 percent higher than the February 2013 billings level of $974.7 million.

“Equipment bookings and billings continue along a steady trend in the first quarter,” said Denny McGuirk, president and CEO of SEMI. "The book-to-bill ratio remains at or above parity for the fifth consecutive month, and the booking and billing values remain well above the figures reported one year ago."

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.

	Billings (3-mo. avg)	Bookings (3-mo. avg)	Book-to-Bill
September 2013	1,020.9	992.8	0.97
October 2013	1,071.0	1,124.5	1.05
November 2013	1,113.9	1,238.0	1.11
December 2013	1,349.7	1,380.8	1.02
January 2014 (final)	1,233.2	1,280.3	1.04
February 2014 (prelim)	1,288.6	1,288.9	1.00

Source: SEMI, March 2014

The data contained in this release were compiled by David Powell, Inc., an independent financial services firm, without audit, from data submitted directly by the participants. SEMI and David Powell, Inc. assume no responsibility for the accuracy of the underlying data.

The data are contained in a monthly Book-to-Bill Report published by SEMI. The report tracks billings and bookings worldwide of North American-headquartered manufacturers of equipment used to manufacture semiconductor devices, not billings and bookings of the chips themselves. The Book-to-Bill report is one of three reports included with the SEMI Equipment Market Data Subscription (EMDS).

SEMI is the global industry association serving the nano- and micro-electronic manufacturing supply chains. Our 1,900 member companies are the engine of the future, enabling smarter, faster and more economical products that improve our lives. Since 1970, SEMI has been committed to helping members grow more profitably, create new markets and meet common industry challenges. SEMI maintains offices in Bangalore, Beijing, Berlin, Brussels, Grenoble, Hsinchu, Moscow, San Jose, Seoul, Shanghai, Singapore, Tokyo, and Washington, D.C. For more information, visit www.semi.org.