SAN JOSE – North America-based manufacturers of semiconductor equipment posted $1.61 billion in orders worldwide in May (three-month average), up 0.6% sequentially, and down 0.7% year-over-year, says SEMI.

The book-to-bill ratio was 1.05, which means $105 worth of orders was received for every $100 of product billed for the month.

The three-month average of worldwide billings was $1.54 billion, up 5.3% sequentially, and down 8% compared to May 2011.

“Worldwide orders for new semiconductor equipment from North American-based manufacturers have continued to increase over the past year, as chip makers add capacity and process technology to meet demand driven by mobile products, smartphones and tablets,” said Denny McGuirk, president and CEO at SEMI. “Bookings are at the highest levels since May 2011, and this is the fourth consecutive month that new orders have outpaced billings.”

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