MILPITAS, CA — North America-based semiconductor equipment manufacturers posted $2.06 billion in billings worldwide in May, down 23.6% year-over-year, according to SEMI.

Billings were up 7.4% sequentially from the revised April figures, the trade group added. The report uses three-month moving averages.

“Billings of North American equipment manufacturers increased for the second consecutive month,” said Ajit Manocha, president and CEO of SEMI. “Expanding end-market applications continue to fuel demand for advanced semiconductors and the equipment necessary to manufacture those devices. However, market volatility continues due to the macroeconomic environment.”

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