MILPITAS, CA – North America-based semiconductor equipment manufacturers posted $2.21 billion in billings worldwide in March, according to SEMI, up 20.1% year-over-year and down 6.8% sequentially.

“While March monthly billings of North America-based semiconductor equipment manufacturers are starting to reflect a challenging market environment, the year-over-year increase indicates companies across the semiconductor manufacturing supply chain thus far are effectively maintaining continuous operations despite Covid-19 headwinds,” said Ajit Manocha, SEMI president and CEO.

The SEMI report uses three-month moving averages of worldwide billings for North American-based semiconductor equipment manufacturers.