The Semi equipment book-to-bill ratio jumped all the way to 1.08! Can you believe that? Well unfortunately, what matters is nominal bookings and billings. Bookings eased a bit from December’s bump up and billings dropped harder. In other words, the b2b was driven by Thing 1 dropping less than Thing 2. So it is not at all positive, but could have been worse had bookings … Continue reading Semi b2b Jumps to 1.08, and it’s Deceiving
Just one small segment of conventional analysis NFTRH 331 found itself doing… Semiconductor Sector Folks, it is b2b (book-to-bill) time again and the reading for January came in at 1.03, which represents growth from the December reading. But the b2b bears discussion. Last month we noted that the lower number (.99) was really not bad because it was the product of ramped up billings, while … Continue reading Semiconductor b2b
I did not make the point clear in the previous post but as NFTRH subscribers may recall, it is the Semi Equipment companies (they that supply the chip makers with Fab equipment) that are the Canaries in the Coal Mine’s Canary. In other words, they are the early mover (front end industry) to a new Semiconductor cycle, whereas the chip makers are the back end. … Continue reading Regarding the Semi’s
