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North America-based manufacturers of semiconductor equipment posted $2.02 billion in billings worldwide in October 2017 (three-month average basis), according to the October Equipment Market Data Subscription (EMDS) Billings Report published today by SEMI.
SEMI reports that the three-month average of worldwide billings of North American equipment manufacturers in October 2017 was $2.02 billion. The billings figure is 1.8% lower than the final September 2017 level of $2.05 billion, and is 23.7% higher than the October 2016 billings level of $1.63 billion.
“Equipment billings dipped in October, the fourth consecutive monthly decline during this record spending year," said Ajit Manocha, president and CEO of SEMI. “In spite of this seasonal weakness, we expect equipment spending to increase by 30% or more this year and are positive about growth in 2018."
The SEMI Billings report uses three-month moving averages of worldwide billings for North American-based semiconductor equipment manufacturers. Billings figures are in millions of U.S. dollars.
About SEMI
SEMI connects over 2,000 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. FlexTech and the MEMS & Sensors Industry Group (MSIG) are SEMI Strategic Association Partners, defined communities within SEMI focused on specific technologies. Since 1970, SEMI has built connections that have helped its members prosper, create new markets, and address common industry challenges together. SEMI maintains offices in Bangalore, Berlin, Brussels, Grenoble, Hsinchu, Seoul, Shanghai, Silicon Valley (Milpitas, Calif.), Singapore, Tokyo, and Washington, D.C.
