KUALA LUMPUR: North America-based manufacturers of semiconductor equipment posted US$2.03bil in billings worldwide in March 2017 as it benefits from the latest semiconductor investment cycle.
The Semiconductor Equipment Manufacturer Industry (SEMI) said on Friday the US$2.03bil billings were a three-month average. Notably, the billings were up 2.6% from the final February 2017 level of US$1.97bil.
SEMI pointed out the latest March billings were 69.2% higher than the March 2016 billings level of US$1.20bil.
“March billings reached robust levels not seen since March 2001," said Dan Tracy, senior director, industry research and statistics at SEMI.
“The equipment industry is clearly benefiting from the latest semiconductor investment cycle.”