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Investing.com -- Tokyo Electron (TSE:8035) updated outlook for the wafer fabrication equipment (WFE) market and its investment plans.
TEL raised its forecast for the calendar year 2024 WFE market to $110 billion, up from the previous estimate of over $100 billion. The company also projects the WFE market in 2025 to reach $110 billion, slightly revising down its previous double-digit growth projection, but now expects double-digit growth in 2026.
The company’s announcement included plans to invest ¥104 billion in a new production building at the Miyagi plant, which is central to its etching system operations. This investment is aimed at enhancing sustained productivity, with completion targeted for summer 2027. TEL hopes that these updates, along with its scheduled IR Day event on February 26, will address market concerns and demonstrate its commitment to growth and efficiency.
TEL’s updated market outlook indicates a more robust WFE market in the coming years, with the company positioning itself to capitalize on the expected growth. The investment in the Miyagi plant underscores TEL’s strategy to improve its production capabilities, potentially leading to better performance and market competitiveness.
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