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NA semi equipment manufacturers report soft July billings, still expect record year

Published 08/23/2017, 08:16 AM
© Reuters.  NA semi equipment manufacturers report soft July billings, still expect record year
  • North American semiconductor equipment manufacturers posted $2.27B in billings last month, a 1.4% drop sequentially, according to SEMI.
  • Billings were up 32.8% on the prior year’s quarter.
  • SEMI president and CEO Ajit Manocha says the softening was due to the strong demand in the first half but that “equipment billings remain significantly up year-over-year, with 2017 on-track to be a record spending year.”
  • Semiconductor ETFs: SOXL, SMH, SOXX, USD, XSD, PSI, SOXS, SSG, XTH, FTXL
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