Chip equipment book-to-bill slips
The three-month average bookings figure was up 1.1 percent from the final April level of $1.6 billion, and 6.2 percent above the $1.53 billion in orders posted in May 2010, SEMI (San Jose, CA.) said.
The three-month average of worldwide billings in May was $1.67 billion, up 2 percent from the final April billings level of $1.64 billion and up 24 percent from the May 2010 bookings level of $1.34 billion, SEMI said.
A book-to-bill of 0.97 means that $97 worth of orders were received for every $100 of product billed for the month.
"Three-month average bookings improved slightly in May and both bookings and billings are higher than one year ago," said Stanley Myers, president and CEO of SEMI, in a statement. "As we approach the half-year point, the data substantiates global industry expectations for double-digit growth this year."
Earlier this month, SEMI predicted that spending on new and used semiconductor capital equipment is would grow 31 percent in 20111, reaching a record $44 billion.
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