MILPITAS, CA — North America-based manufacturers of semiconductor equipment posted $2.42 billion in billings worldwide in March on a three-month average basis, says SEMI.

Sales were up 16.7% year-over-year and 0.4% sequentially.

“March 2018 monthly billings for North American equipment manufacturers remain at robust levels,” said Ajit Manocha, president and CEO of SEMI. “We are seeing sustained strength in the global semiconductor equipment market, aligning with our expectation for a fourth consecutive year of spending growth."