PETALING JAYA: Global semiconductor equipment billings rose 9% year-over-year to US$26.8bil in the first quarter of 2023, according to US-based Semiconductor Equipment Manufacturers Industry (SEMI).
Quarter-over-quarter billings slipped 3%.
“Semiconductor equipment revenue in the first quarter was robust despite macroeconomic headwinds and a challenging industry environment,” SEMI president and CEO Ajit Manocha said in a statement.
“The fundamentals remain healthy for the long-term strategic investments needed to support major technology advancements for AI, automotive, and other growth applications.”
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