Book-To-Bill Ratio Strengthens

First four months of year all positive for semiconductor equipment.

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The book-to-bill ratio, which is a measure of orders received versus product billed, was positive for the first four months of the year, a sign that equipment sales are up as foundries prepare for manufacturing at advanced nodes and for the IoT.

The three-month moving average for bookings was $1.57 billion in April for North America alone, which is up 9% year over year from $1.44 billion. The three-month average for worldwide billings was $1.51 billion, up 7.6% year over year from $1.40 billion.

SEMI CEO Denny McGuirk said both bookings and billings trends have improved, and current spending is on target to meet 2015 CapEx plans.

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Source: SEMI