The SEMI billings figure for sales of North American chip manufacturing equipment vendors fell to a 4-month low of $2.21 billion in March 2020.

The billings figure is 6.8% lower from February’s  $2.37 billion, but is 20.1% higher than the March 2019 billings level of  $1.84 billion.

“While March monthly billings of North America-based semiconductor equipment manufacturers are starting to reflect a challenging market environment, the year-over-year increase indicates companies across the semiconductor manufacturing supply chain thus far are effectively maintaining continuous operations despite COVID-19 headwinds,” says SEMI CEO  Ajit Manocha.