SAN JOSE – North America-based manufacturers of semiconductor equipment posted $1.59 billion in orders worldwide in July 2015 (three-month average basis), up 12.5% year-over-year and 5.1% sequentially, says SEMI.

The three-month average of worldwide billings was $1.56 billion, up 18.2% year-over-year and 0.3% sequentially.

The book-to-bill ratio was 1.02. A book-to-bill of 1.02 means $102 worth of orders was received for every $100 of product billed for the month.

"Year-to-date, the bookings and billings reported in the SEMI North American equipment book-to-bill report indicate a solid year for the industry," said SEMI
president and CEO Denny McGuirk. “The outlook for the remainder of the year is somewhat clouded, but we see investments in 3D NAND and advanced packaging as drivers."