Fab equipment orders slide in September

North America-based manufacturers of semiconductor equipment posted $754m in orders in September 2008 and a book-to-bill ratio of 0.76 according to industry group SEMI.

Calculated on a three-month rolling average basis to smooth over variations caused by companies’ quarterly schedules, the bookings figure is 13 per cent less than the final August 2008 level of $867m, and 39 per cent less than the $1.24bn in orders posted in September 2007.

The three-month average of worldwide billings in September 2008 was $990m, which was seven per cent down on August 2008 and about 36 per cent less than the September 2007 billings level of $1.56bn.

“The continued decline in capex spending is accompanied by a major global economic downturn that may have a significant impact on overall consumer electronics spending,” said Stanley Myers, president and CEO of SEMI. “Clearly, concern over these larger economic issues is restraining any immediate capacity investment plans.”

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