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North America-based manufacturers of semiconductor equipment posted a book-to-bill ratio of 0.96 in November 2016, compared with 0.91 in the prior month and 0.96 a year ago, according to SEMI. A book-to-bill of 0.96 means that US$96 worth of orders were received for every US$100 of product billed for the month.
The three-month average of worldwide bookings in November 2016 was US$1.55 billion. The bookings figure is 4% higher than the final October 2016 level of US$1.49 billion, and 25.1% higher than the November 2015 order level of US$1.24 billion.
The three-month average of worldwide billings in November 2016 was US$1.61 billion. The billings figure is 1.1% lower than the final October 2016 level of US$1.63 billion, but 25.2% higher than the November 2015 billings level of US$1.29 billion.
"As 2016 comes towards a close, equipment spending is stronger than expected at the start of the year," said Dan Tracy, senior director of SEMI. "Spending has been driven by 3D NAND, leading-edge foundry, and advanced packaging investments, and these segments are key for the expected spending growth in 2017."
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