TOKYO ELECTRON LTD. Tokyo Electron Corporate Update
December 21, 2023
Contents
- TEL Overview
- Semiconductor and SPE Market Outlook
- Corporate Principles and New Medium-term Management Plan
- Business Environment and Financial Estimates
- Corporate Sustainability
- Diversity of Semiconductor Technology
6-1 Technology Roadmap
6-2 Effects of EUV Lithography Adoption and Technology Trends
7. TEL's Business Strategies
7-1 SPE Business Initiatives
7-2 Etch System
7-3 Deposition System
7-4 Cleaning System
7-5 Backend Business Strategy - Activities for the Development of Wafer Bonding Process 7-6 Field Solutions Business Initiatives
7-7 Digital Transformation (DX) Initiatives
7-8 Procurement and Manufacturing Strategy
Appendix ：Data Section
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Investor Relations / December 21, 2023 | 2 |
1. TEL Overview
Investor Relations / December 21, 2023 | 3 |
Company Profile
Established
Major Products
and Services
Capital
Sales/Profit
Number of
Employees
Global Network
November 11, 1963
Semiconductor Production Equipment
54.9 Billion Yen
Net sales 2,209.0 Billion Yen / Operating income 617.7 Billion Yen / Operating margin 28.0%
(Fiscal 2023)
2,021 (non-consolidated) 17,522 (consolidated) | |
Japan: 6 companies / 27 locations | |
Overseas: 20 companies / 17 countries and regions / 56 locations | |
Total: 26 companies / 18 countries and regions / 83 locations (consolidated) | (as of April 1, 2023) |
Investor Relations / December 21, 2023 | 4 |
Worldwide Operations
(As of Nov. 14, 2023)
Tokyo Electron (Shanghai) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron (Shanghai) Logistic Center | TEL Manufacturing and Engineering of America | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TEL Magnetic Solutions | Tokyo Electron (Kunshan) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron Korea | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron Europe | TEL Venture Capital | TEL Technology Center, America | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TEL Solar Service | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron Israel | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron India | Tokyo Electron U.S. Holdings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo | Electron Taiwan | Tokyo Electron America | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron Philippines Semiconductor Support | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron (Malaysia) | Tokyo Electron Technology Solutions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron Singapore | Tokyo Electron Miyagi | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron Kyushu | Tokyo Electron (World Headquarters) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron FE | Total (as of April 1, 2023) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tokyo Electron BP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
26 companies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18 countries and regions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Head Office | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Branch, Office (including Field Service), Sales Office | 83 locations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
*Group companies in the process of being wound up are not shown on the map. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investor Relations / December 21, 2023 | 5 |
The Market TEL Participates in
CY2022 World Market
Electronic | US$ 2,343B |
System | |
Semiconductor | US$ 599B |
US$ 100B
Wafer Fab Equipment
Source: Gartner®, "Forecast: Semiconductor Capital Spending, Wafer Fab | |
Equipment and Capacity, Worldwide, 3Q23 Update", Bob Johnson, Gaurav Gupta, 5 October 2023 | |
Charts/graphics created by Tokyo Electron based on Gartner research. | |
Electronic System＝Electronic Equipment Production/Semiconductor＝ | |
Semiconductor Revenue /Wafer Fab Equipment ＝Total Wafer Fab Equipment Revenue Basis. | |
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and | |
internationally and is used herein with permission. All rights reserved. | |
Investor Relations / December 21, 2023 | 6 |
TEL is Innovative and Flexible to Market Change
Distributor of Other Suppliers' Products | Established Development/ | Globalization | Production Reform | Striving for New Growth | |||
（Billion Yen） | Manufacturing Functions | ||||||
2,500 | |||||||
TEL Consolidated Net Sales
2,000
Began overseas direct operations
1,500
Discontinued export business of consumer products | ||
Strengthened corporate governance | ||
1,000
Listed on TSE #2 in1980 and #1 in 1984
500 Established
first manufacturing JV (TEL-Thermco)
0
65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 (FY)
(E) | |||||
Expansion of | Data | AI | |||
Semiconductor Applications* | |||||
Digital Consumer Electronics | Center | ||||
Mobile Phone | EV | IoT | |||
Mainframe | Single Chip | PC | |||
Computer | Microprocessor | Smart Phone/Tablet | |||
*The diagram is an image of the expanding use of semiconductors and does not indicate the actual number of semiconductors used.
Investor Relations / December 21, 2023 | 7 |
Financial Performance: Sales and Operating Margin
(Billion Yen)
2,500
2,250
2,000
1,750
1,500
1,250
1,000
750
TEL Net Sales
Operating Income Operating Margin
60%
2,209.0
2,003.8 50%
1,730.0 40%
29.9%
30%
28.0% |
23.2% 20%
500
250
0 -250
10% | |||||||||||||||||||||||||||||||||
0% | |||||||||||||||||||||||||||||||||
-10% | |||||||||||||||||||||||||||||||||
91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 00 | 01 | 02 | 03 | 04 | 05 | 06 | 07 | 08 | 09 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 (FY) |
(E) | |||||||||||||||||||||||||||||||||
4M DRAM oversupply | IT bubble crash | Effects of European debt crisis, slowdown in emerging markets | |||||||||||||||||||||||||||||||
Excessive logic foundry investment | Weak demand for PC, mobile |
Financial crisis in Asia | World financial crisis | |
64M DRAM oversupply | Memory oversupply | 8 |
Investor Relations / December 21, 2023 |
CY2022 SPE Makers Top 15
CY2022 Sales (Billions of US$)
1 Applied Materials
2 ASML
3 Lam Research
4 Tokyo Electron
5 KLA
6 Advantest
7 SCREEN Semiconductor Solutions
8 ASMI
9 KOKUSAI ELECTRIC
10 Teradyne
11 Hitachi High-Tech
12 SEMES
13 DISCO
14 NAURA 15 Daifuku
3.54
2.76
2.53
2.19
2.11
2.05
1.92
1.44
1.39
1.37
24.85
21.34
19.04
16.43
10.44
Source：TechInsights Manufacturing Analysis Inc., May 2023 | |
Investor Relations / December 21, 2023 | 9 |
Investor Relations / December 21, 2023 | 10 |
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TEL - Tokyo Electron Ltd. published this content on 21 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2023 05:59:37 UTC.
