MILPITAS, CA — North America-based manufacturers of semiconductor equipment posted $2.11 billion in billings worldwide in October, up 3.9% year-over-year and 7.7% sequentially, according to SEMI.

“Monthly billings of North American equipment manufacturers registered their first year-over-year increase since October 2018 and are at their highest level since December of last year,” said Ajit Manocha, president and CEO of SEMI. “Equipment billings are accelerating on the strength of memory inventory drawdowns and foundry investments in leading-edge equipment.”

Figures are on a three-month average basis.

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