Tokyo Electron

Tokyo Electron makes coater/developers, etch, and deposition tools and is Japan's largest semicap vendor, serving logic and memory fabs worldwide. It is a top-four global equipment supplier. FY2025 (ended March 31, 2025) net sales reached ¥2,431.5 billion (~$16.3B), up 32.8% year-over-year, driven partly by AI-related HBM and advanced logic investment.

Ecosystem functionJapan's flagship semicap champion, especially strong in coater/developer tools that pair with ASML's lithography.

Business modelSells wafer fab equipment