(iTers News) - North America-based manufacturers of chip equipment posted $1.86billion in billings worldwide in January 2017 (three-month average basis), according to the January Equipment Market Data Subscription or EMDS Billings Report published this week by SEMI.

SEMI reports that the three-month average of worldwide billings of North American equipment manufacturers in January 2017 was $1.86billion.

The figure is 0.5% lower than the final December 2016 level of $1.87billion, and is 52.3% higher than the January 2016 billings level of $1.22billion.

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“Global billings reported by the North American equipment makers begin the 2017 at high levels,” said Denny McGuirk, president and CEO of SEMI. “We expect strong spending growth in 2017 based on investments in leading-edge memory and foundry fabs.”

The SEMI Billings report uses three-month moving averages of worldwide billings for North American-based semiconductor equipment manufacturers. Billings figures are in millions of U.S. dollars.

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