National will, China's semiconductor industry where to go?

One:highgrowthofsemiconductorindustryrevenue,acceleratedinventoryturnover,highbusinesscontinuityThebook-to-billratio(BB)ofnorthAmericansemiconductorequipmentmanufacturerswas1.03inAugust,thelatestdatafromtheinternationalsemiconductorequipmentandmaterialsassociation(SEMI)showed.Semiconductorequipmentinvestmentgenerallyleadsthesemiconductorindustry.Generallyspeaking,therelationshipbetweenB/Bvalueand1willberegardedasthejudgmentstandardintheindustry.Ifthevalueisgreaterthan1,itmeansthattheamountoforderreceivedbytheequipmentmanufacturerisgreaterthantheamountofshipment,andtheorderreceivingsituationissuperior.Sincesemiconductorequipmentismainlyusedinmanufacturingandsealingandtesting,andthemanufacturinglinkaccountsforasmuchasfour-fifths,theratiogreaterthan1furtherindicatesthetrendofsemiconductormanufacturers.WhenICmanufacturersstepupinvestment,theperformanceofsemiconductorequipmentmanufacturerswillbegreatlyimproved.Throughthesemi-annualreportsof161listedcompaniesintheelectronicsindustryinthea-sharemarket,itisfoundthatsemiconductoristhesecondaryindustrywiththefastestgrowthinrevenue,withAyear-on-yeargrowthof49.04%andArevenuescaleof27.1billion.Thedaysofinventoryturnoverdecreased21%year-on-year,from96.38daysto75.72days.Let'stakealookatatypicalcompany.AppliedMaterials,theworld'slargestmakerofsemiconductorandpanelequipment,releaseditsfinancialresultsforthethirdquarterof2016(2016/5-7)onAugust18.Strongdemandfor3DNANDFlashandOLEDdevicesdroveorderstoarecordhighinthethirdquarter,climbing6percentfromthepreviousquarterand26percentfromayearearlier.Unfilledordersrose19%fromthepreviousquarterand60%fromayearearlier.Weexpectstrongperformanceinthecomingquarters.