SAN JOSE – The 90-day moving average orders for North America-based semiconductor equipment manufacturers was $323.4 million in June continuing the sector's five-month long recovery.

Bookings were up 12% over the revised May figures of $287.8 million, but down 69% from June 2008.

The book-to-bill ratio was 0.77, SEMI said. A book-to-bill of 0.77 means that $77 worth of orders were received for every $100 of product billed for the month. It's the fifth straight month the book-to-bill has climbed.

The three-month average worldwide billings was $419.6 million, up 7% from May and down 64% from June 2008.

“We are seeing improvement to the book to bill ratio due to slight growth in bookings," said Stanley T. Myers, president and CEO of SEMI. “However for the equipment manufacturers, the market remains extremely difficult as customers are not yet at a point where additional capacity investments are needed.”

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