Tokyo Electron to build $170m chip equipment plant in Japan – Nikkei Asia

Production expected to begin in 2025, boosting capacity by 50%
SENDAI, Japan — Chipmaking equipment maker Tokyo Electron said Monday it will spend roughly 22 billion yen ($167 million) to build a production facility in northeast Japan in anticipation of renewed demand from the semiconductor industry.
The site will be located in Oshu, a city in Iwate prefecture. Manufacturing subsidiary Tokyo Electron Technology Solutions has sealed an agreement with Oshu on the location of the facility.
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