Tokyo Electron: A New State-of-the-Art Plant in the Works

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Researched by Industrial Info Resources (Sugar Land, Texas)--On January 22, Tokyo Electron Limited (TYO:8035) (TEL) (Minato, Japan), announced that it will move forward with plans for a semiconductor etching machine plant.

Originally, construction was to begin in April 2009; however, due to the economic downturn, TEL decided to postpone the project. TEL did proceed with some of its plans and purchased land required for the plant at Taiwa Research Park in Taiwa, Miyagi, which is about 375 kilometers north of Tokyo. Shortly after the January 22 press release, TEL announced the establishment of Tokyo Electron Miyagi Limited, a subsidiary for enhancing etch-system operations at the new plant.

Construction of the US$178 million plant, to be performed by Taisei Corporation (TYO:1801) (Shinjuku, Japan), is scheduled to begin in June and will be completed next April. Since the demand for semiconductors has risen, the plant will produce 1,000 industrial semiconductor-etching machines each year.

TEL is the world's second-largest manufacturer of semiconductor equipment and conducts global research and development, manufacturing, sales and field support for all products. The aim of the Miyagi plant is to shorten development times and improve productivity by introducing new techniques.

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