The semiconductor industry is on a firmer recovery path with North America-based manufacturers of semiconductor equipment posting US$569.7 million in orders in July 2009 (three-month average basis) and a book-to-bill ratio of 1.06.
The 1.6 times is the best since January 2007 but much lower in quantum of orders, based on the data from the Semiconductor Equiment Manufacturing Industry (SEMI).
The SEMI said the July 2009 Book-to-Bill Report showed a book-to-bill of 1.06 meant that US$106 worth of orders were received for every US$100 of product billed for the month.
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