SAN JOSE, July 19 -- Orders for semiconductor equipment rose sharply in June as North American manufacturers posted a 90-day book-to-bill of 1.08.

The 90-day average of worldwide bookings was $1.61 billion, up 3% from the revised May numbers and 123% year-on-year.

The 90-day average of worldwide billings was $1.48 billion, up 5% from May and 91% ahead of last year.

"Despite the premature negative commentary by some Wall Street analysts, the semiconductor equipment industry continues to maintain growth at high levels," said Stanley Myers, president and CEO of SEMI. "Total bookings remained strong throughout the second quarter and are at levels more than double that of one year ago."

A book-to-bill of 1.08 means that $108 worth of orders were received for every $100 of product billed for the month.

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