To meet the recent rise in demand in the semiconductor market, Tokyo Electron (TEL; Head Office: Minato-ku, Tokyo; President: Toshiki Kawai) announced that it will construct a new development building at the Miyagi plant (Miyagi Prefecture, Japan) of Tokyo Electron Miyagi, a manufacturing subsidiary.
As the shift toward a digital society gains momentum, the semiconductor market is expected to grow further.
Progress in patterning technology has been driving innovations, fueling the prospect of market growth for etch systems developed and manufactured by TEL in Miyagi. Construction of the new building will enable TEL to reinforce its technology development capabilities in response to the expansion of the market and the diversification of technological needs, facilitating timely delivery of products featuring functions that customers need and contributing to the company’s sustainable medium- to long-term growth as well as to the advancement of society.
Construction of the new building is scheduled to start in spring 2023 for completion in spring 2025.