Semiconductor equipment manufacturers in North America posted $1.3bn in orders in July 2011 on a three-month average basis and a book-to-bill ratio of 0.86, according to the July Book-to-Bill Report published today by Semiconductor Equipment and Materials International (SEMI).

The three-month average of worldwide bookings in July 2011 was $1.3bn, and is 15.7% less than the final June 2011 level of $1.54bn, and is 29.3% below the $1.84bn in orders posted in July 2010.

The three-month average of worldwide billings in July 2011 was $1.52bn, and 7.6% less than the final June 2011 level of $1.64bn, and is 1.4% more than the July 2010 billings level of $1.5bn.

SEMI president and CEO Stanley Myers said bookings have dropped significantly consistent with the temporary softening of end-market demand signaled by slower PC sales, low foundry utilisation, and investment hesitation by memory chip makers.

The SEMI book-to-bill is a ratio of three-month moving averages of worldwide bookings and billings for North American-based semiconductor equipment manufacturers.