PETALING JAYA: Global semiconductor equipment billings grew 5% year-over-year to US$24.7 billion in the first quarter of 2022, according to US-based Semiconductor Equipment Manufacturers Industry (SEMI).

       Quarter-over-quarter billings in the seasonally soft first quarter declined 10%.

       “Year-over-year first quarter equipment revenue growth is in sync with positive forecasts for 2022 as the semiconductor industry continues its robust increase of fab capacity,” SEMI president and CEO Ajit Manocha said in a statement.

       “North America and Europe logged healthy quarter-over-quarter rises in equipment spending as they intensify efforts to bolster domestic chipmaking,” he added.

       Following are quarterly billings data in billions of U.S. dollars with quarter-over-quarter and year-over-year changes by region:

       Compiled from data submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), the Worldwide SEMS Report is a summary of the monthly billings figures for the global semiconductor equipment industry.