Worldwide semiconductor sales

Vendite di Semiconduttori nel mondo

 

 

L’industria dei semiconduttori e’ strategica all’avanzamento tecnologico in numerosi settori. Le vendite di chip sono considerate un segnale della salute del settore high-tech, in quando il loro aumento indica che l’eccesso delle scorte si e’ riequilibrato e che la produzione di computer e di sistemi elettronici e’ ripresa. Il settore tecnologico, dal punto di vista delle vendite

 

Dal 1960 al 2000 la domanda mondiale di semiconduttori ha registrato ininterrottamente tassi di crescita a 2 cifre. Indicativo del boom il fatto che oggi in un’automobile ci sono più chip di quanti ce ne fossero in un aeroplano vent’anni fa.

 

Dopo la forte contrazione nel biennio 2000-2001, e’ lecito essere ottimisti, anche perche’ una contrazione dei budgets per gli acquisti dei prodotti IT non e’ mai storicamente durata piu’ di 2 anni. Secondo uno studio di Morgan Stanley, per il settore dei semiconduttori la ripresa invece non e’ affatto dietro l’angolo ma e’ in fase di miglioramento.

 

L’industria delle infrastrutture per semiconduttori produce materiali di base utilizzati poi dalle aziende produttrici di circuiti integrati, o microchip. Essa si compone principalmente di due segmenti:

 

 

  • il Front-End equipment, cioe’ il prodotto sul quale verra’ poi realizzato il circuito integrato. Il Front-End equipment conta per circa l’80% del business. Da sottolineare a favore dei meno ottimisti sulla ripresa economica come l’incremento registrato negli ordini sia dovuto ad un incremento del solo 8% nel Front-End e del 19% in Back-End equipment/Test & Assembly Test : a meno che non vi sia una ripresa piu’ netta nel Front-End ,e’ opportuno assumere un atteggiamento molto cauto. In effeti questi dati dimostrano che al momento vi e’ ancora un eccesso di capacita’ produttiva e che cio’ puo’ distogliere le aziende dall’intraprendere nuovi investimenti

  • il Back-End equipment/Test & Assembly, cioe’ i materiali che serviranno nella fase di assemblaggio e test dei circuiti. Incremento negli ordini del 19% in Test & Assembly.

 

 

 

Il business semiconduttori e’ estremamente ciclico. Storicamente, l’andamento dei semiconduttori (e quindi dei prezzi dei pezzi che dovrebbero aumentare se aumentano gli utili) è strettamente correlato a quello degli utili. Tuttavia, oggi la relazione è divenuta inversamente proporzionale: a fronte di utili in aumento, calano i prezzi dei titoli. Credo che questo dipenda dai già citati problemi di sovra capacità e pressione sui prezzi, e quindi la capacita’ di utilizzazione degli impianti: la presenza di sovracapacita’ produttiva (oltre l’ 85 %) puo’ distogliere le aziende dall’intraprendere nuovi investimenti e fornisce, quindi, un segnale non ottimistico per un eventuale rilancio del settore.

 

Senza una sostanziale crescita nella domanda di computers, telecomunicazioni e wireless e’ difficile che si verifichi una vigorosa ripresa, inoltre, gli investimenti in atto nel settore in nuove tecnologie daranno si’ una spinta notevole al settore, ma solo a partire dal 2009. 

 

Da sottolineare a favore dei meno ottimisti come l’incremento registrato negli ordini sia dovuto ad un incremento nel Front-End e  in Test & Assembly: a meno che non vi sia una ripresa piu’ netta nel Front-End ,e’ opportuno assumere un atteggiamento molto cauto. In effeti questi dati dimostrano che al momento vi e’ ancora un eccesso di capacita’ produttiva e che cio’ puo’ distogliere le aziende dall’intraprendere nuovi investimenti.

 

I nuovi criteri contabili introdotti dalla Securities and Exchange Commission (SEC) rendono il book-to-bill ratio un indice poco significativo per cogliere prontamente le fasi in cui il mercato manifesta una inversione di tendenza. Cosa fare, quindi, per capire se in un mercato ciclico come quello dei semiconduttori si e’ in presenza di un punto di flesso? Il book-to-bill ratio sulle infrastrutture per semiconduttori fornisce una misura del livello di attivita’ registrato dalle aziende statunitensi presenti nel settore nell’arco di un mese. L’indice e’ dato dal rapporto tra gli ordini ricevuti dalle aziende e le vendite effettuate.

 

Per quanto riguarda le memorie DRAM (Dinamic Random Access Memory), secondo Micron Technologies (MU) gli utenti di PC comprano ora molta piu’ memoria.

 

Stessa musica per il settore networking che, nonostante sia sulla strada della ripresa, soffre a causa dello scarso livello in nuovi investimenti in infrastrutture molto deboli. Molte societa’ come Broadcom (BRCM), Xilinx (XLNX) e Altera Technologies (ALTR) potrebbero iniziare a riprendersi, ma piuttosto lentamente.

 

Interessante invece la crescita potenziale del mercato Wireless LAN (che offre la possibilita’ di collegarsi ad internet “senza fili”). Questa e’ stata stimata essere fra il 40 % e l’80% quest’anno. Le due societa’ beneficiarie sono RF Micro Devices (RFMD) e Intersil Corp (ISIL). Secondo ISIL la domanda globale di Wireless LAN continua ad aumentare sensibilmente, cosi’ come il “backlog” (ordini arretrati).

 

Il mercato delle infrastrutture per le telecomunicazioni continua invece ad essere difficile, seppur vi siano dei piccoli segnali di ritorno alla crescita per il segmento della telefonia cellulare.

 

Il mercato dei semiconduttori per i prodotti elettronici di largo consumo (Dvd) continua invece a tirare. Zoran corp (ZRAN) stima che le consegne dei propri prodotti DVDs siano aumentate annualmente del 167% in termini unitari. Gli analisti si attendono una produzione unitaria annuale di 50 milioni di nuovi apparecchi DVDs.

 

 

Il WSTS sottolinea che la domanda nel 2008 e nel 2009 verra’ trainata dalla fame dei consumatori per la telefonia mobile, i personal computer e affini. La maggior crescita si registrera’ ancora una volta nell’area asiatico-pacifica.

 

Marco Montanari

 

 

 

 

 

The SIA Semiconductor Industry Association

 

  
Worldwide semiconductor sales 
 
November 14, 2007
 
 

http://www.sia-online.org/home.cfm

 

 

SIA Forecast projects +3.8 percent increase for 2007 to $257 billion 
 
Global Chip Sales Will Surpass $321 Billion in 2010 

 

SEMICONDUCTORS_Worldwide Semiconductor Sales - SIA_NOVEMBER 2007_0

SEMICONDUCTORS_Worldwide Semiconductor Sales - SIA_NOVEMBER 2007_00

SEMICONDUCTORS_Worldwide Semiconductor Sales - SIA_NOVEMBER 2007_1

SEMICONDUCTORS_Worldwide Semiconductor Sales - SIA_NOVEMBER 2007_2

SEMICONDUCTORS_Worldwide Semiconductor Sales - SIA_NOVEMBER 2007_3

SEMICONDUCTORS_Worldwide Semiconductor Sales - SIA_NOVEMBER 2007_4


 

 

  • 2000:  increased at $204 billion

  • 2001:  fell at $130 billion

  • 2002:  increased at $140 billion

  • 2003:  increased at $166.4 billion

  • 2004:  increased at $213 billion

  • 2005:  increased at $227.5 billion

  • 2006: increased at $247.7 billion – The global Worldwide semiconductor market / chip sales increased at rose to a record of  $247.716 billion rising by +8.9%, from $227.5 billion in 2005.

  • 2007: The global semiconductor market is seen to grow  to $257.1 billion in 2007, an increase of 3.8% over 2006 sales of $247.7 billion, according to the The SIA Semiconductor Industry Association (November 14, 2007) that was betetr than the prior spring 2007 forecast of the World Semiconductor Trade Statistics (WSTS).  Going forward, The Semiconductor Industry Association (SIA) forecasts sales of $276.9 billion in 2008, a sequential increase of 7.7 percent, $296.2 billion in 2009, a sequential increase of 7.0 percent, and The global semiconductor sales will surpass $321.5 billion in 2010, a sequential increase of 8.5 percent, and, with a compound annual growth rate for forecast period of 2007-2010.  of 7.7 percent. 2007: “Consumer purchases continued to drive industry growth in 2007 despite rising energy costs and other concerns,” Scalise continued. “Unit sales of personal computers, cell phone handsets, MP3 players, and digital televisions were very robust in 2007” :

    • The SIA noted that sales of personal computers, the largest single market for microchips, are now expected to grow by 11 to 12 percent in 2007

    • Handset unit shipments are forecasted to grow by 12 percent.

    • MP3 and PMP unit sales are forecasted to grow by 20 percent,

    • Digital TV units sales are forecasted to grow by 50 percent.

    • Sales of DRAM memory chips

    • Sales of application-specific circuits for wireless devices

    • Sales of digital cameras

  • 2008: The Semiconductor Industry Association (SIA) forecasts sales of $276.9 billion in 2008, a sequential increase of 7.7 percent,

  • 2009: The Semiconductor Industry Association (SIA) forecasts sales of $296.2 billion in 2009, a sequential increase of 7.0 percent

  • 2010: The Semiconductor Industry Association (SIA) forecasts sales of $321,5 billion in 2010  a sequential increase of 8.5 percent,

  • The Semiconductor Industry Association (SIA) forecasts sales with a compound annual growth rate for forecast period of 2007-2010.  of 7.7 percent.
     
     
     
     


The SIA noted that consumer demand for electronic products continues to fuel strong demand for microchips. “This year the worldwide microchip industry will produce 900 million transistors for every man, woman, and child on earth,” said SIA President George Scalise. “The increasing proliferation of semiconductors into an ever-broader range of consumer products coupled with the emergence of large new consumer markets in Asia, Eastern Europe, and South America will be the principal drivers of industry growth for the next several years,” said Scalise.

 

“All of these products – personal computers, cell phones, MP3 players, and digital TV sets – have high silicon content,” said Scalise. “Progress in semiconductor technology has been a huge boon to consumers. Today a typical PC sells for less than 30 percent of the price of a comparable unit in 1995, but today’s model is 100 times more powerful. We can expect to see similar cost and performance improvements in other silicon-intensive consumer products in the years ahead.

“The semiconductor industry continues to be the single most important enabling technology driving world economic growth. Continuous advances in microchip technology have made ‘faster, better, cheaper’ the mantra of our industry. This fundamental value proposition will continue to drive industry sales growth in the years ahead,” Scalise concluded.

Regional Market Forecast projects growth in all regional markets through 2010: The Asia-Pacific region will continue to be the fastest-growing regional market, growing from 48.4 percent in 2007 to 51.1 percent in 2010.

 

 

 

About the SIA

 

 

The SIA is the leading voice for the semiconductor industry and has represented U.S semiconductor companies since 1977 and SIA member companies comprise more than 85% of the U.S. semiconductor industry. Collectively, the chip industry employs a domestic workforce of 232,000 people.

 

 

 

 

 

 

 

 

 

The World Semiconductor Trade Statistics organization (WSTS)

Forecast Autumn 2007


Release Date:
 
13 Nov 2007 – 6:00 UTC
 
From the Autumn 2007 Forecast Meeting, held in Prague, Czech Republic
30 October to 2 November 2007
 
 
WSTS Projects
Worldwide Chip Market to Grow 3.8 percent in 2007, 9.1 percent in 2008
 
http://www.wsts.org/plain/content/view/full/3418

 

 

 

Note: Numbers are rounded to whole millions of dollars, which may cause totals by region and product group to differ slightly.

SEMICONDUCTORS_World Semiconductor Trade Statistics (WSTS)_1

  Details:

  • 2000:  increased at $204 billion

  • 2001:  fell at $130 billion

  • 2002:  increased at $140 billion

  • 2003:  increased at $166.4 billion

  • 2004:  increased at $213 billion

  • 2005:  increased at $227.5 billion

  • 2006: increased at $247.7 billion – The global Worldwide semiconductor market / chip sales increased at rose to a record of  $247.716 billion rising by +8.9%, from $227.5 billion in 2005 according to World Semiconductor Trade Statistics [WSTS], which groups the world’s main semiconductor manufacturers.

  • 2007: The global semiconductor market is seen to grow on an annualized basis to $257.23 billion in 2007, an increase of 3.8% over 2006 sales of $247.7 billion, according to the autumn 2007 forecast of the World Semiconductor Trade Statistics (WSTS). upwards by 1.5 percentage points compared to the forecast that WSTS issued in May this year, mainly due to to a very strong 3rd quarter 2007. Projected growth in the worldwide semiconductor market so will decrease from +8.87% growth in 2006. However no need was seen to revise the future market development scenario significantly, so that the further years 2008 and 2009 remained very close to the original projections.
     
    “The WSTS foresees a continuously growing demand for electronic products such as PCs, digital consumer appliances and mobile communications, enhanced by the increase of semiconductor content per installed system.” said Toshio Ogawa, Worldwide Chairman of WSTS. He continued, “These trends are expected to unfold in a challenging, yet generally healthy world economy.”
     
    The current forecast anticipates a positive growth throughout the forecasting period, peaking in 2008. While the forecasted semiconductor market does not show a pronounced cyclical pattern, some product groups maintain cycles similar to historical patterns. The Asia Pacific region continues to be the fastest growing geographical area, due to the dynamics of both strongly rising domestic demand and the continuing manufacturing shift to this region.

  • 2008: The global semiconductor market is seen to grow by +9.06% to $280,56 billion in 2008.

  • 2009: The global semiconductor market is seen to grow by +6.18% to $297,91 billion in 2009.

 

 

WSTS has currently 73 member companies representing approximately 80% of 2006 worldwide semiconductor revenues. The member companies are listed below grouped into the four WSTS regions. 
 

 


Member Profile – By Region Total Worldwide 73 Members
 
29 Americas
20 Japan
13 Europe
11 Asia Pacific
 
 
 
 
Member Companies

 

Release Date:
 
11 July 2006
 
 
 
US Americas Regional Group
 
 
Advanced Micro Devices
Agere Systems
Allegro Microsystems
AMI Semiconductor, Inc.
Anadigics, Inc.
Analog Devices Inc.
Apex Microtechnology
Avago Technologies
Cree, Inc.
Cypress Semiconductor Corporation
Fairchild Semiconductor
Freescale Semiconductor (former Motorola)
IBM Microelectronics
Intel Corporation
International Rectifier Corporation
Intersil Corporation
Linear Technology Corporation
Littlefuse
LSI Logic Corporation
Micron Technology, Inc.
National Semiconductor Corporation
ON Semiconductor
Pyramis Corp.
Spansion LLC
SST
Texas Instruments, Inc.
Xilinx , Inc.
Zarlink  Inc.
Zilog, Inc. 
 
 

 

 

 

Japan Regional Group
 
 
Elpida Memory, Inc.
Fuji Electric Device Technology Co.,Ltd.
Fujitsu Limited
Hitachi Ltd.
Matsushita Electronic Corporation
Mitsubishi Electric Corporation
NEC Electronics Corporation
New Japan Radio Co., Ltd.
Nihon Inter Electronics Corporation
Oki Electric Industry Co., Ltd.
Renesas Technology Corp.
Ricoh Company, Ltd.
Rohm Co., Ltd.
Sanken Electric Co., Ltd.
Sanyo Semiconductor Co., Ltd.
Seiko Epson Corporation
Sharp Corporation
Shindengen Electric Mfg. Co. Ltd.
Sony Corporation
Toshiba Corporation

 


Asia Pacific Regional Group
 
 
Chartered Semiconductors
Hynix Semiconductor Inc
Korea Electronics Co., Ltd.
Macronix International Co. Ltd.
Nanya Technology Corp.
Powerchip Semiconductor Corp.
Rectron Ltd.
Samsung Electronics
Taiwan Semiconductor Co. Ltd.
Vanguard International Semiconductor Corporation
Winbond Electronics Corporation
 
 
 
 
Europe Regional Group
 
 
Austriamicrosystems AG
CamSemi
Fagor Electronica, S. Coop
Infineon Technologies AG
Micronas
N.V. Philips
Osram
Robert Bosch Gmbh
STMicroelectronics
Vishay Intertechnology, Inc.
Xignal Techn
Zetex
ZMD

 

 


 
The Philadelphia Semiconductor Index, è un indice basato sull’andamento dei titoli di 19 importanti aziende americane di semiconduttori, ed e’ seguito molto da vicino dagli operatori del settore. L’indice di riferimento dei chip è sceso dai 522,2 punti della chiusura del 31 dicembre del 2001 ai 289,9 del 30 dicembre 2002. Tra i singoli titoli i 4 piu’ rilevanti sono:
 

 

  • Intel (INTC – Nasdaq),

  • Applied Materials (AMAT – Nasdaq)

  • Texas Instruments (TXN – Nyse) 

  • Advanced Micro Devices  (AMD  – Nyse) 

 

 

 

 

 

 

 

 

SEMI

Global Quarterly Chip Billings and Bookings Data

The Semiconductor Equipment  Manufacturers Industry of North American

 

The data is gathered in cooperation with the Semiconductor Equipment Association of Japan (SEAJ) from more than 150 global equipment companies that provide data on a monthly basis.

www.semi.org

 

 

SEMI REPORTS THIRD QUARTER 2007 WORLDWIDE SEMICONDUCTOR EQUIPMENT FIGURES

– SAN JOSE, Calif. – November 20, 2007 –

The data is gathered in cooperation with the Semiconductor Equipment Association of Japan (SEAJ) from more than 150 global equipment companies that provide data on a monthly basis.

The quarterly billings data by region in millions of U.S. dollars, year-over-year and quarter-over-quarter growth rates by region are as follows:

Region

3Q 2007

2Q 2007

3Q 2006

3Q07/2Q07
(Q-o-Q)

3Q07/3Q06
(Y-o-Y)

Europe

0.84

0.62

0.86

36%

-2%

China

0.53

1.22

0.85

-56%

-37%

Japan

2.61

2.06

2.67

27%

-2%

North America

1.65

1.51

1.77

10%

-7%

Korea

1.56

1.77

1.95

-12%

-20%

Taiwan

3.17

3.20

1.86

-1%

71%

ROW

0.77

0.63

1.02

21%

-25%

Total

11.13

11.01

10.97

1%

1%

 

 

 

 

 

 

 

 

  • in the 3Q of 2007 the Total worldwide semiconductor manufacturing equipment billings reached  $11.13 billion. The billings figure is +1% greater than the second quarter of 2007 and about +1% greater than the same quarter a year ago.

  • in the 3Q of 2007 the Total worldwide semiconductor manufacturing equipment bookings reached $8.93 billion. The figure is -10% less than the bookings figure for the second quarter of 2007 and -23% less than the same quarter a year ago

 

 

“The industry continues to see modest quarterly growth in billings,” said Stanley T. Myers, president and CEO of SEMI. “While bookings appear to have peaked for the year, some regions, specifically Taiwan and China, are expected to experience significant growth given the strength of the first two quarters.”

The Equipment Market Data Subscription (EMDS) from SEMI provides comprehensive market data for the global semiconductor equipment market. A subscription includes three reports:

 

  • the monthly SEMI Book-to-Bill Report, which offers an early perspective of the trends in the equipment market;

  • the monthly Worldwide Semiconductor Equipment Market Statistics (SEMS), a detailed report of semiconductor equipment bookings and billings for seven regions and over 22 market segments;

  • the SEMI Semiconductor Equipment Consensus Forecast, which provides an outlook for the semiconductor equipment market.

SEMI is the global industry association serving the manufacturing supply chains for the microelectronic, display and photovoltaic industries. SEMI member companies are the engine of the future, enabling smarter, faster and more economical products that improve our lives. Since 1971, SEMI has been committed to helping members grow more profitably, create new markets and meet common industry challenges. SEMI maintains offices in Austin, Beijing, Brussels, Hsinchu, Moscow, San Jose, Seoul, Shanghai, Singapore, Tokyo, and Washington, D.C.

 

 

 

 

 

The Semiconductor Industry Association (SIA)

 

Month-to-Month Global Sales

 

Data for October 2007

 

SAN JOSE, Calif.

 

Chip Sales Up-date November 2007

SEMICONDUCTORS_NOVEMBER_Monthly and Quarterly_Worldwide Semiconductor Sales - SIA_1

 

 

  • Worldwide semiconductor sales in October rose to $23.1 billion, an increase of 5 percent over the $22 billion reported in October 2006 and 2.1 percent higher than the $22.6 billion reported in September of this year, the Semiconductor Industry Association (SIA) reported today.

  • Sales of $210.5 billion for the first 10 months of 2007 are running 3.9 percent ahead of the same period of 2006, when sales were $202.6 billion.

  • Year-to-date sales are on pace with the SIA’s November forecast of 3.8 percent growth in worldwide sales for 2007.

  • “Consumers are reaping huge benefits from continued rapid price attrition in key sectors of the semiconductor market,” said SIA President George Scalise. “Despite a 55 percent year-to-date increase in unit shipments, DRAM revenues are up only 4 percent over January through October 2006 sales.

  • “The story is similar in the microprocessor segment,” Scalise continued. “Strong unit demand for PCs has driven a 15 percent increase in unit sales of microprocessors for the first 10 months of 2007 compared to the same period of 2006. Revenues, however, are up only 4 percent compared to last year due to price attrition. Today’s typical personal computer costs less than a third of the typical unit of a decade ago but is 100 times more powerful due to continuing advances in semiconductor technology that have driven down costs while significantly enhancing the speed, capacity, and performance of the chips that go into PCs.”

  • SIA noted that PC sales in the third quarter of 2007 were stronger than expected, leading JPMorgan to increase its forecast of growth in unit sales for the year from 11-12 percent to at least 13.5 percent. According to JP Morgan, the PC market is undergoing significant shifts in geographic demand. In 2006, the U.S. led all regions in PC unit purchases. The new JPMorgan forecast projects that both the Asia-Pacific region and the Rest of World will surpass the U.S. in PC unit sales in 2007.

  • Scalise noted that early reports from U.S. retailers on “Black Friday” – the day following Thanksgiving that traditionally is the highest-volume sales day for retailers – reported strong sales of consumer electronic products such as GPS systems, computers, Mp3 players, and electronic games.

  • “We will be closely watching consumer sales of electronic products through the holiday season,” said Scalise. “At this point, it does not appear that reported declines in consumer confidence or other concerns have affected sales of electronic products.”

 

About the SIA Global Sales Report – The SIA Global Sales Report (GSR) is a three-month moving average of sales activity. The GSR is tabulated by the World Semiconductor Trade Statistics (WSTS) organization, which represents approximately 66 companies. The moving average is a mathematical smoothing technique that mitigates variations due to companies’ financial calendars.

About the SIA – The SIA is the leading voice for the semiconductor industry and has represented U.S semiconductor companies since 1977 and SIA member companies comprise more than 85% of the U.S. semiconductor industry. Collectively, the chip industry employs a domestic workforce of 232,000 people.

 

http://www.sia-online.org/home.cfm

 

 

 

Book to Bill Ratio
SEMI – The Semiconductor Equipment  Manufacturers Industry of North American
 

http://wps2a.semi.org


 

SEMI is a global industry association serving companies that develop and provide manufacturing technology and materials to the global semiconductor, flat panel display, MEMS and related microelectronics industries.

 

In October:

 

 

 

North American-based manufacturers of semiconductor equipment posted $1.23 billion in bookings-orders and $1.48 billion in billings orders in October 2007 (three-month average basis) and a book-to-bill ratio of 0.83 according to the October 2007 
 
“Actual sales of new semiconductor equipment have generally followed the bookings trends, which have declined sequentially since the cyclic peak in early summer,” said Stanley T. Myers, president and CEO of SEMI. “However, our expectation remains that 2007 equipment revenues will remain comparable to or slightly above 2006 sales.” “New equipment orders have dipped to levels last seen in late 2005 and early 2006. “We are seeing orders decline from the peak levels earlier this year, which were driven largely by strong investments in 300 mm memory capacity.””Total worldwide 2007 equipment revenues remain on course to be comparable to 2006 sales:
 

 

  • The bookings-orders figure in October 2007 fell by   -0.27% to  $1,231.6 billion ( The bookings figure is down -16.0%  the $1.468 billion in orders posted in the same month a year ago )  from fell by   -10.0% to  $1,235.0 billion ( The bookings figure is down -25.0%  the $1.64 billion in orders posted in the same month a year ago )in the prior month.

  • The billings figure in October 2007 fell by   -4.0% to $1,488.1 billion ( The billings  figure is -5.0% above the $1.562 billion in billings posted in the same month a year ago  ) from fell by   -10.0% to $1,557.4 billion ( The billings  figure is -9.0% above the $1.67 billion in billings posted in the same month a year ago  )   in the prior month.

  • A book-to-bill North American-based manufacturers of semiconductor equipment posted a book-to-bill ratio of 0.83  from posted a book-to-bill ratio of 0.79  in the prior month . A book-to-bill of 0.83 means that $83 worth of orders were received for every $100 of product billed for the month. (Max  Marzo  2000  1,46, minimo aprile 2001,  0,44). La convergenza dei livelli del fatturato e degli ordini e’ da consederarsi un fattore positivo. The Book-to-Bill ratio decreases if bookings declined at a steeper pace than billings based on a three month average. The Book-to-Bill ratio increases if billings declined at a steeper pace than bookings based on a three month average. L’indicatore book-to-bill ratio e’ la risultante del rapporto tra la media trimestrale di nuovi ordini The three-month average of worldwide bookings per le società nordamericane produttrici di infrastrutture per chip / e il relativo fatturato

 

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