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Home > News > Company News > SEMI billings decline for four.....

SEMI billings decline for fourth consecutive month

  • Author:Ella Cai
  • Release on:2017-11-23
SEMI reports October billings of $2.02 billion which is 1.8% lower than September’s $2.05 billion, and is 23.7% higher than the October 2016 billings $1.63 billion.

“Equipment billings dipped in October, the fourth consecutive monthly decline during this record spending year,” says SEMI CEO  Ajit Manocha, “in spite of this seasonal weakness, we expect equipment spending to increase by 30 percent or more this year and are positive about growth in 2018.”

Over the last six months billings have been:

May
$2,270.5

June
$2,300.3
J
uly
$2,269.7

August
$2,181.8

September
$2,054.8

October
$2,017.0