| N. American Semi Gear Makers See Orders Slide in January |
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| Friday, 22 February 2008 11:02 | |||
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SAN JOSE – North American-based manufacturers of semiconductor equipment posted $1.12 billion in orders in January and a book-to-bill ratio of 0.89, according to SEMI. The three-month average of worldwide bookings was $1.12 billion, about 3% less than December and down 22% year-over-year. Worldwide billings were $1.27 billion, about 7% less sequentially and about 12% less year-over-year. “Orders remain below levels reported in early 2007 and are consistent with the reduction in capital spending announced by many device manufacturers,” said Stanley T. Myers, president and CEO of SEMI. “While new capacity will be added this year, the industry appears cautious about new investments in the near term.”
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