SAN JOSE – North American-based manufacturers of semiconductor equipment posted $1.65 billion in orders in February, the trade group SEMI said. The three-month average orders fell 1% from January, but were up 28% year-over-year.

The February book-to-bill ratio was 1.05, meaning that $105 worth of orders were received for every $100 of product billed for the month. It was the fifth straight month the ratio rose.

The three-month average worldwide billings was $1.58 billion, down 2% from January and up 23% over February 2006.

The revised January bookings were $1.67 billion, SEMI said.

"The three month average for North American bookings and billings remained steady in February," said Stanley T. Myers, president and CEO of SEMI. “Though semiconductor industry market trends have slowed some in the first part of 2007, current equipment data are at levels well above one year ago.”

The SEMI book-to-bill is a ratio of three-month moving averages of worldwide bookings and billings for North American-based semiconductor equipment manufacturers.

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