MILPITAS, CA — For the first time in over two years, monthly billings of North American equipment manufacturers are down year-over-year. Semiconductor equipment manufacturers posted $1.94 billion in billings worldwide in November (three-month average basis), down 5.3% year-over-year and 4.2% sequentially, according to SEMI.

“For the first time in over two years, billings of North American equipment manufacturers are down relative to the same month the year before,” said Ajit Manocha, president and CEO of SEMI. "After reaching historical revenues earlier this year, billings activity is decelerating in line with weaker growth expectations for 2019.”

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