Semicon equipment makers see strong growth

March 20, 2020 editor Billings, Equipment, Semiconductor

KUALA LUMPUR: North America-based manufacturers of semiconductor equipment (SEMI) recorded strong growth in February, extending the robust upward trend from last December.

It said on Friday its SEMI members posted US$2.37bil in billings worldwide in February 2020 (three-month average basis).

According to the February Equipment Market Data Subscription (EMDS) Billings Report published by SEMI, the billings figure is 1.2% higher than the final January 2020 level of US$2.34bil.

The February billings jumped 26.2% than the February 2019 billings level of US$1.88bil.

“February billings of North American equipment suppliers extended a robust uptrend that began in December 2019, ” said Ajit Manocha, SEMI president and CEO.

“Despite continuing industry disruptions from the global spread of Covid-19, monthly billings for the year still remain above 2019 levels.”