TOKYO ELECTRONCORPORATEPROFILE

Akasaka Biz Tower, 3-1 Akasaka 5-chome
Minato-ku, Tokyo 107-6325, Japan
Tel.+81-3-5561-7000
www.tel.com

TEL is a registered trademark or a trademark ofTokyo Electron Limited in Japan and/or other countries.
PR3 61-0142

Toward Building
a Strong andResilient SocietyCEO’ s Message

Semiconductors used in TVs, PCs and smartphones have advanced along with IoT,
AI and 5G as social infrastructure.
Today, life without semiconductors is almost unimaginable.
As semiconductors continue to evolve,
the market for semiconductor production equipment is also enteringa new phase of growth.
Tokyo Electron is continuously creating high value-added,
cutting-edge equipment, and technical service to lead the world,with the aim of enabling a prosperous future for all.

I would like to express my sincere gratitude to all stakeholders for your continued support and patronage.
In recent years, industry, society and the lives of the public have been significantly affected by a series ofchallenges. These include natural disasters caused by climate change; the spread of infection; geopoliticalrisks ̶ typified by trade frictions and international conflicts ̶ and the human rights issues they engender.
On the other hand, in order to build a strong and resilient society in which economic activities do not stop
under such circumstances, various efforts are underway, including the implementation of ICT (informationand communication technology) and decarbonization to preserve the global environment. All of these
efforts require semiconductor evolution.
Meanwhile, the transition to a data-driven society is progressing at an unprecedented speed, and digitaltechnologies are now used furthermore: IoT, AI and 5G are becoming more widespread, industries are
growing smarter, autonomous driving is evolving, and the much-hyped generative AI and VR (Virtual
Reality) is seeing real-world applications. For semiconductors, which are supporting the core of this shift,
expectations for technological innovations such as larger capacity, higher speed, superior reliability and lower
power consumption are limitless. The semiconductor market exceeded US$500 billion for the first timein 2021 and is expected to exceed US$1 trillion by 2030, more than double the current market. And we
expect the semiconductor production equipment market in which we operate to grow even further. As wecelebrate the 60th anniversary of our founding this year, we have formulated a new Vision to become“A company filled with dreams and vitality that contributes to technological innovation in semiconductors.”
We aim for medium- to long-term profit expansion and continuous corporate value enhancement by
utilizing our expertise to continuously create high value-added leading-edge equipment and technicalservices. Our corporate growth is enabled by people, and our employees both create and fulfill company
values. We work to realize this vision through engagement with our stakeholders.Our corporate growth isenabled by people, and our employees both create and fulfill company values. We work to realize this vision
through engagement with our stakeholders.
We deeply appreciate your support for Tokyo Electron and look forward to your continued support
and patronage.

Toshiki Kawai
Representative Director, President & CEO

1

TOKYO ELECTRONCORPORATE PROFILETOKYO ELECTRONCORPORATE PROFILE

2

PRINCIPLESTokyo Electron’s
Mission, Vision and Value

VisionBased on our Corporate Philosophy and Management Policies,
the Vision describes Tokyo Electron’s medium- to long-term business aspirations.

Tokyo Electron's Corporate Principles are comprised of four elements that together detail our
mission as a company and identify the values and behaviors necessary to fulfill our goals.

A company filled with dreams and vitality that
contributes to technological innovation in semiconductors
This vision is based on the idea of CSV* (Creating Shared Value).
* CSV: CSV is to use the expertise of a company to solve social issues, create social and economic value,
improve corporate value, and achieve sustainable growth.

Corporate Philosophy
The Management Policies highlight the management values that Tokyo Electron
regards as essential to practice our Corporate Philosophy.
They express the logic that underscores our eight general rules of management.

TEL Values

We strive to contribute to the development ofa dream-inspiring society throughour leading-edge technologies
and reliable service and support.

M

iss
Co r
i on
p
M a o r at enag
e m Philos
e nt o p
Pol hy/i ci es

V isManagement Policies
The Management Policies highlight the management values that Tokyo Electron
regards as essential to achieving the objectives defined in its Corporate Philosophy.
They express the logic that underscores our eight general rules of management.
■

Profit is Essential

The TEL Group aims to contribute to the development ofsociety and industry and to the enhancement of corporate
value while continually pursuing profit.

■

Growth Philosophy

We will tirelessly take on the challenges of technologicalinnovation to achieve continuous growth through businessexpansion and market creation.

■

Employees

Safety, Health, and the Environment

The TEL Group gives the highest consideration to thesafety and health of every person connected with ourbusiness activities as well as to the global environment.

3

TOKYO ELECTRONCORPORATE PROFILE

Va l

Pride

We take pride in providing high-value products and services.

Challenge

We accept the challenge of going beyond what others are
doing in pursuing our goal of becoming number one globally.

Ownership

We will keep ownership in mind as we think things through, andengage in thorough implementation in order to achieve our goals.

Teamwork

We respect each other's individuality and we place a highpriority on teamwork.

Awareness

We must have awareness and accept responsibility for our
behavior as respectful members of society.

ue

ues

Scope of Business

The TEL Group leads markets by providing high-quality
products in leading-edge technology fields with a focus onelectronics.

■

Quality and Service

The TEL Group strives to understand the true needs toachieve customer satisfaction and secure customer trust
while continuously improving quality and service.

■

The TEL Group's employees both create and fulfill
company values, performing their work with creativity, asense of responsibility, and a commitment to teamwork.

■

■

T EL

Va l

ion

TEL Values highlight the values and codes of conduct as Tokyo Electron.

Organizations

The TEL Group builds optimal organizations that maximize
corporate value in which all employees can realize their fullpotential.

■

Social Responsibility

Feeling a strong sense of corporate social responsibility, we
strive to gain the esteem of society and to be a company
where our employees are proud to work.

It is our corporate message that expresses the Corporate Principles which consist of
our Corporate Philosophy, Management Policies, Vision and TEL Values.

TOKYO ELECTRONCORPORATE PROFILE

4

HISTORY

The 60-year History of TEL

The special logo created to celebrate TELʼs 60th anniversary contains many
symbolic features.
The five colored bands symbolize diversity, and the upward arrow points toa future of breakthroughs.
They symbolize TELʼs desire to move the world forward with its unique innovationand ongoing transformation as it combines the strengths of diverse individuals.

The growth of TEL has always been in sync with the history of the semiconductor industry.
Ever since its inception, TEL has tirelessly pursued the leading-edge technologies and innovations.
On November 11, 2023, TEL will celebrate its 60th anniversary.
Here are the milestones of the company’s development.

1994

Founded as a technology
trading company■

Tokyo Electron Laboratories, Inc.
is established in Akasaka,
Minato-ku with capital of five million yen
as an affiliate of Tokyo Broadcasting System, Inc.

TEL begins import and sales ofdiffusion furnaces,
leak detectors,
and IC production systems

1976

1965

TEL-Thermco Engineering Co., Ltd.
develops the worldʼs firsthigh-pressure oxidation furnace

Concludes an agency agreement with
Fairchild Semiconductor Corp. (U.S.)
to sell Fairchildʼs IC testers in Japan1968
A joint venture with the
Thermco Products Corp. (U.S.),
named TEL-Thermco
Engineering Co., Ltd.
begins domestic productionof diffusion furnaces

1980
Listed on
the Second Sectionof the Tokyo Stock Exchange

2013
TEL concludes a merger agreementwith Applied Materials, Inc.
(to be dissolved in 2015)

1964

TEL began exporting its semiconductor
production equipment in 1986, and alreadyin 1989, it was ranked No. 1 in sales among
all semiconductor equipment manufacturers
in the world.

Westernyear

TEL marks a major moveinto development andmarketing of
FPD production equipment■

Re-emergence as New TEL(Vision, Medium-term Management Plan
formulated and new Corporate Logo created)

TEL receives
Tokyo Stock ExchangeʼsTenth Annual Award for Excellencein Disclosure for the second timesince 1999

TEL achieved the targets set to further enhance
corporate value in the 2019 Medium-termManagement Plan two years ahead ofschedule due to our strong financial results
for the year ended March 2022. Aiming for
further growth, the company announced
a new Vision and a new Medium-termManagement Plan, while also introducing
a Corporate Message “Technology EnablingLife” as an expression of its philosophy.

In 2015, TEL introduced a Medium-term Management
Plan and a financial model for world-class profitability,
marking a fresh start.

New Corporate TEL Logo

Category of industry on
the Tokyo Stock ExchangeFirst Section changed from
“Wholesale Trade” to“Electric Appliances”

■

■

1986
Export ofsemiconductor production
equipment begins

Tokyo Electron Laboratories, Inc.
renamed Tokyo Electron Ltd.

TEL announces new Vision and
new Medium-term Management Plan,and introduces Corporate Message

TELʼs listing transferred
to Prime Market inTokyo Stock Exchange

1,600

1,200

800

TEL wins Grand Prize for
Corporate Governanceof the Year® 2021
400

2018

TEL is cited as one of “Top 100 Global Tech Leaders”
by Thomson Reuters (now Refinitiv)
01965

Evolution ofsemiconductors

5

2022

2015

1990

2,400

2,000

S
2000

1999

1978

Consolidated
Sales (Billion yen)

Tetsuro Higashi(Former Chairman, President & CEO)receives the Order of the Rising Sun,
Gold and Silver StarTop sales among semiconductor
production equipment
manufacturers attained forthree consecutive years from 1989

Listed on the First Sectionof the Tokyo Stock Exchange

Complete domestic production ofdiffusion furnaces becomes possible
TEL acquires importing andat TEL-Thermco Engineering Co., Ltd.
selling rights for diffusion
furnace manufactured by
Thermco Products Corp. (U.S.)
and begins sales

0S
202

2020

1980S

1970

TEL is awarded “All-Star” Status for the firsttime in the Institutional Investorʼs”All-Japan Executive Team”Rankings

TEL Tops Domestic Listin the Second ROESG Rankings(2020 Edition)

1991

1984

■

2016

2005

1960S

TEL participates in the U.S.-Japan University
Partnership for Workforce Advancement andResearch & Development in Semiconductors(UPWARDS) for the Future

TEL receives Prime Ministerʼs Awardfor the second time since 2003

From the 1990s onwards, TEL reinforced its group company
structure in Japan by establishing a number of several
subsidiaries responsible for service and manufacturing.
The companyʼs overseas operations that began in 1980
also expanded vigorously in the 1990s, resulting in a broad
network of overseas TEL subsidiaries that offered direct
sales and support in the fast-growing global market. It wasaround this time that TEL began to grow into a company
that operates business across the globe.

Young entrepreneurs including Tokuo Kubo, Toshio Kodaka andothers established Tokyo Electron Laboratories, Inc., driven bya conviction that semiconductors were about to transform theindustry.
■

2002

Participation in Albany NanoTech Programfor industry-academia joint researchpromotion and support

Globalization year one: start of direct sales
and support in Europe and the U.S.

■

2021

2007

Establishment of “TEL UNIVERSITY”
to strengthen employee development

1963

2023

The meaning expressed by the 60th anniversary logo

TOKYO ELECTRON

1970

Mainframe Computer

CORPORATE PROFILE

1975

1980

Single Chip Microprocessor

1985

1990

Personal Computer

1995

2000

Mobile Phone

2005

2010

Digital Consumer Electronics

2015

2020

2023

Big Data

TOKYO ELECTRONCORPORATE PROFILE

6

TECHNOLOGYA Future realized by TEL

At TEL, our focus is on developing, manufacturing, and selling equipment that makes semiconductors,
as well as on providing associated technical support. Building on the technological expertise and know-howthat we have been cultivating for almost 60 years since inception, we will keep contributing to the developmentof a dream-inspiring society.

Smart healthcare

Smart cities

Toward sustainable growth of society
To achieve the digital transformation and decarbonization of society, we have launched a supply chain initiative called E-COMPASS, aiming
to reduce the environmental impact of our equipment throughout the supply chain and promote conservation of the global environment.

Smart fabs

Environmental Co-Creation by Material, Process and Subcomponent Solutions

Semiconductors

Production equipment

Business activities

Pursuing higher device
performance and lower power
consumption

Achieving both high process
performance and environmental
performance of the equipment

Reduction of CO2 emissions inall business activities

Smartmobility

TEL’s medium- to long-term environmental goals
AR / VR / MR

Smart devices

To enhance the environmental performance of our products, plants, and offices, we have set the medium-term environmental targets asshown in the chart below. As a long-term goal, we are seeking “net zero” emissions—which means offsetting our greenhouse gas emissions
with reductions. We plan to effectively eliminate scope 1 and 2* emissions by 2040, and scope 3** emissions by 2050.

Market size of semiconductors* Scope 1 and 2: Emissions from the use of energy such as electricity in business activities** Scope 3: Emissions from the use and disposal of sold equipment, purchase of materials, distribution, etc.

Outlook for the Semiconductor Market
Today, semiconductors are not only pervasive in electronicequipment, but are also indispensable to Data centers and
5G/6G network infrastructure that support a wide range
of applications. Also, applications that require large-scalecalculations, such as VR, autonomous driving, and generative
AI represented by ChatGPT, will continue to expand andtheir importance will continue to grow. Reflecting its soaring
importance, the semiconductor market is forecast to top
US$1 trillion by 2030, more than double its current size.
As the evolution of semiconductors is set to continue, TEL is
expected to play an even greater role than before.

>$1 trillion$ trillion
1.0
0.8
0.6

Growing tomore than double
over the next 10 years( 2030)PC(2022)

0.2
Industrial Services
Consumer Services

1990

2000

2010

Products

Plants and Offices

Per wafer (compared to 2018)of total emissions (compared to 2018)30 % Reduction 70 % Reduction

Smartphone

0.0Long-term Goal (2050)

CO2 Emission Reduction Goal

$574.0 billion

Data Center

0.4

Midium-term Goals (2030)

2020

2030

Net Zerofor Greenhouse Gas Emissions

Reduce energy consumption by 1% YoY at eachplant and office (per-unit basis)

Ratio of renewable energy 100%

Source:1990-2022（WSTS）/2023-2030（IBS, June 2023）

7

TOKYO ELECTRONCORPORATE PROFILETOKYO ELECTRONCORPORATE PROFILE

8

BUSINESS

To Provide the Best Products
and Best Technical Service

R&D Facilities

TEL Technology Center Korea (Korea)
imec (Belgium)

As the transition to a data-driven society accelerates and the scope of semiconductor applications expand,customers’ requirements for production equipment are becoming even more diverse and advanced.
This is why we at TEL are not only committed to developing innovative technologies, but also to providing“reliable service and support.” By contributing to the customers’ value creation processes, we aim to remain
their sole strategic partner.

TEL Manufacturing andEngineering of America (U.S.)TEL Digital Design SquareTokyo Electron Technology Solutions
Tokyo Electron Kyushu
Tokyo Electron Miyagi(Japan)TEL Technology
Center, America (U.S.)
SUNY Poly/NY CREATES (U.S.)

CEA-Leti (France)

BRIDG (U.S.)

National Institute of Advanced
Industrial Science and Technology (Japan)

TEL Magnetic Solutions (Ireland)Tokyo Electron America (U.S.)TEL Technology Center, Taiwan ( Taiwan)
IME (Singapore)

TEL R&D base
Consortium

Active Capital Investment for Future Growth

TEL’s Business Operations

R&D

Manufacturing

Sales

R&D

TOKYO ELECTRONCORPORATE PROFILE

Completed in September 2021 ( Taiwa Town, Miyagi)

Developed as the center for enhancing our DX capabilities, the officefeatures highly advanced functions and design that not only stimulatestate-of-the-art software technology ideas for nanoscale semiconductor
production, but also support the recruitment and training of personnel
necessary for implementing DX.

The Miyagi Technology Innovation Center promotes R&D for creating
advanced equipment and production technologies for several generations
to come. The training area for customers and the lab area are designed
to enhance internal and external collaboration to meet the challenge ofadvancing semiconductor production technologies.

New Development Building
Completed in July 2023 (Nirasaki City, Yamanashi)
The products developed and manufactured by Tokyo Electron Technology
Solutions are also poised for sizable growth in the coming years. This growth will
be an outcome of constant advancements in patterning technologies that are
crucial to making semiconductors more diverse and complex with even finer line
width. The completion of the new development building will further strengthen
TEL’s technology development capabilities, enabling timely delivery of productswith functions that meet the needs of the market and our customers.

More than 1 trillion
yen planned for
5 years from FY’23

About 600 billion yen
191.1

97.1
FY’ 189

Miyagi Technology Innovation Center

Opened in November 2020 (Sapporo City, Hokkaido)

Technical
Service/
SupportR&D expenses (Billion yen)

Since semiconductors are critical building blocks of social
infrastructure, the technologies that drive them are set to evolve
further. As future semiconductors will need even larger capacity,
higher speed, higher reliability, and lower power consumption thanever before, it is critical for us to come up with advanced nextgeneration R&D capabilities so we can provide production equipmentwith higher added-value and competitiveness in a timely manner.

TEL Digital Design Square

113.9

120.2

FY’ 19FY’ 20136.6

FY’ 21

200.0

158.2

FY’ 22FY’ 23

FY’ 24(E)

FY’ 25FY’ 26

New Development Building■ Koshi City, Kumamoto (To be completed in summer 2025)

New Production and Logistics Center■ Oshu City, Iwate (To be completed in fall 2025)■ Taiwa Town, Miyagi (To be completed in spring 2025)

FY’ 27

TOKYO ELECTRONCORPORATE PROFILE

10

R&D

Manufacturing

Sales

Technical
Service/
SupportManufacturing
Our manufacturing operations start withearly phases of product development andcovers everything from designing andmanufacturing to quality management.
Quality Management

R&D

Manufacturing

Designing

Manufacturing

Sales

Technical
Service/
SupportTechnical Service and Support
Committed to pursuing the best technical service possible in a constantly changing business environment, we are
ensuring that our technical service and support will bring satisfaction to all customers around the world. Anticipating the

We develop and manufacture our equipment mainly at manufacturingsubsidiaries in Japan. One of our major strengths lies in our ability to control
the entire production flow, including equipment design, manufacturing, andquality management. The integrated nature of our processes allows us tocapture and incorporate our customers’ technological needs quite early inthe development phase, resulting in timely provision of high-quality products.
As semiconductors become more advanced, customers’ requirements also
grow more sophisticated. To produce equipment of ever-higher quality, we
have been promoting a company-wide productivity improvement initiativefor over a decade. The initiative aims to thoroughly eliminate inefficiency
and wastefulness from our manufacturing operations, thus improving
productivity while also influencing the employees’ mindset and behavior.

R&D

Manufacturing

Sales

Technical
Service/
Support

Sales
Making sales starts with gathering information on customers’ needs andbusiness trends to quickly and accurately discern what kind of equipment
and technologies are in demand. We then take full advantage of ourcore competence and expertise to propose the optimum solution thathelps create the best value for our customers. We have formed strong
partnerships with our customers and are daily engaged in intense sales
activities on a global field.

11

TOKYO ELECTRONCORPORATE PROFILE

shifting trends and diversifying customer needs, we are also continuously upgrading our global support capabilities.

Roles of the Production Division● Designing to order

Customizing the equipment’s design specifications to meet thecustomer’s precise technological needs● Designing manufacturing processes

Designing processes that assure efficient and high-quality
production of equipment

Assorted Services to Address Diverse Needs● Sales of new small-diameter wafer processing

equipment (including 200 mm)● Sales/procurement/warranty/total support ofrefurbished equipment● Genuine spare parts supply and repair service● High-volume manufacturing● Engineering service/support

Producing high-quality equipment in large volume and on schedule● Equipment upgrade service

At TEL, we refer to technical service and support before-andafter equipment delivery as “field solutions.” We assure highequipment availability through total technical service and support,
including everything from delivery and installment of equipment
to after-sales maintenance service. Our field solutions businesstakes advantage of the largest installed base in the industry(about 88,000 units), while also employing the latest AI, digitaltechnologies, and knowledge management* tools to boost theefficiency of our service.
*Knowledge management: a method for stimulating innovation and enhancing anorganization’s productivity by capturing and sharing tacit knowledge held by individual
members.

Use of Digital Technology
We employ the latest wearable devices to capture real-time images
and sounds from our customers’ production sites. Shared availabilityof such data is vital to the efficacy of our remote support system.
Our advanced and user-friendly smart glasses** feature originalfunctions including enhanced data security, restriction on imagetransmission, and speech translation, all of which contribute toaccurate and speedy support. Our TELeMetrics™ service connects
the equipment installed at customers’ sites with TEL’s servers via ahighly secure communication lines, allowing remote analysis of theequipment data to enhance operational stability and productivity.
By implementing these technologies in close cooperation with fieldengineers and manufacturing sites, we provide high value-added
technical service.
** Smart glasses: an eyewear-type device capable of projecting images and digital information in the user’s field of vision.

TOKYO ELECTRONCORPORATE PROFILE

12

PRODUCTS

World-Leading Capabilities forTechnological Innovation Enable
the Evolution of Semiconductors

Semiconductor Production
Equipment■ Wafer process (Front-end) ■ Assembly and Test process (Back-end)[ Semiconductor Manufacturing Process ]Lithography

Deposition

ThermalProcessing System

Single Wafer
Deposition System

Silicon dioxide film

Repetition

Semiconductors are critical components of digitalproducts such as TVs, PCs and smartphones, and they
are also essential to industrial digitalization including
smart factories, smart agriculture, smart healthcare, andsmart cities. Accordingly, semiconductor engineers are
responding to unending requests for larger capacity,
higher speed, higher reliability and lower power
consumption.

Etching(Photoresist coating,
Development)

Atomic Layer
Deposition System

Plasma Etch System
Tactras™ / Episode ™ UL

Coater/Developer

Silicon nitride film

Cleaning

Single Wafer
Cleaning System

Photoresist

Wafer

Oxide/Nitride film deposition

Photoresist* coating

Exposure

Development

Etching

Ashing/CleaningThin films such as silicon dioxide, silicon nitride andothers are deposited by thermal oxidation,
CVD* and/or ALD** on the wafer surface.

While the wafer is rotated at ahigh speed, a thin layer of photoresist
is coated uniformly on its surface.

*CVD: Chemical Vapor Deposition**ALD: Atomic Layer Deposition*Photoresist: a light-sensitive material that changes
its properties when exposed to ultraviolet (UV) light.

To transfer the integrated circuit
pattern onto a wafer, equipment called
stepper irradiates UV light on thephotoresist layer through a patterned
photomask aligned over the wafer.

Developing exposed photoresist
leaves a particular pattern on awafer according to the reticle(photomask) being used.

A plasma etch system removes
the exposed dielectric silicon
dioxide, silicon nitride andothers from the wafer surface
according to the remaining
photoresist.

In a post-etch process, the residual
photoresist is removed, and thewafer is soaked into chemicalsolvents to remove particles andimpurities on the wafer.

Completed Transistor
Before Wiring

Isolation Formation/Gate Formation

Interconnect formation

Testing

Gate Electrode

Packaging/Inspection

Examples of semiconductor product applications

Single Wafer Deposition System
Intermetal
dielectric film

Plasma Etch System
Tactras™ / Episode ™ UL

Wafer Prober/ Cellcia™

Wafer Bonder/Debonder

Photo, Movie inputnElectroTokyo

Metal film

DRAM
Tokyo Electr
on

Metal film

DRAM

Logic

Working memory

ElectronTokyo

13

To form wiring that connects individualtransistors, first a dielectric (oxide) layer isdeposited over the gate layer so another layerof circuit can be laid on top. Contact holes(vias) are then opened in the dielectric layer,
and are filled with metal by CVD.

Another dielectric layer is deposited on top, in
which trenches are etched to form another wiring
pattern. The trenches are filled with a metal film,
and then the excess metals are polished and thesurface is planarized. These processes are repeatedto make a multi-level interconnect.

Each integrated circuit is tested
by a wafer prober to find any
failed circuits.

Contact Formation

Interconnect Formation

Wafer Probe Testing

TOKYO ELECTRON

CMOS
image sensor

Wafer/Dicing Frame Prober

CORPORATE PROFILE

3D NAND
Electron
Tokyo

CMOS
image sensor

Completed Integrated
CircuitAfter fabricating redistribution
layers and bump electrodes, asupport substrate may be
temporarily bonded to the wafer tofacilitate thinning, and is thenremoved by a debonder.

Each diced chip is examined
whether it can be assembled
to the package.

Wafer Bonding/Debonding

Inspection

The chips are attached to
package substrates or leadframes, and are sealed withceramic or plastic.

Logic
Data processing

Completed
Semiconductor Packaging

3D NAND
Storage memory

Packaging/AssemblyTOKYO ELECTRONCORPORATE PROFILE

14

BUSINESS SCALEWorld-Spanning Business Operations
and Outstanding All-Around
Capabilities that Lead the Market
TEL Magnetic Solutions
Tokyo Electron Europe

TEL Solar Services

Tokyo Electron Korea

We operate our business in countries and regions across the world. We are supporting the growth of the electronics
industry and the global society with our expansive business presence in Japan, the U.S., Asia, and Europe.

Total

26
18
83

(as of April 1, 2023)

companies

U.S.

countries and regions
locations

TEL Technology Center, America

Tokyo Electron (Shanghai)Tokyo Electron (Shanghai) Logistic CenterTokyo Electron (Kunshan)

Tokyo Electron Israel

TEL Venture CapitalTokyo Electron India

EUROPETokyo Electron U.S. Holdings
Tokyo Electron America

Tokyo Electron Taiwan

Tokyo Electron Philippines
Semiconductor SupportASIA

TEL Manufacturing and Engineering of America

JAPANTokyo Electron (Malaysia)
Tokyo Electron Singapore

Tokyo Electron Technology Solutions

Tokyo Electron Miyagi
Tokyo Electron(World Headquarters)

Composition of Net Sales by Region (FY2023)
Others5.5%

Europe

8.3%
Japan

10.9%
: Head OfficeNorth
America: Branch, Office (including Field Service),
Sales Office

Tokyo Electron FE
Tokyo Electron BP

China

Tokyo Electron Kyushu

23.9%

Net Sales

2,209 Billion yen

Taiwan

19.6%

15.6%

#

1

#

2 #2

#

1

#

1

#

1

#

2 #2

Etching

Cleaning

Coater/Developer

Cleaning

PlasmaetchingGaschemicaletching

Diffusion
Batch
Metal
furnace deposition deposition

Industry's largest install base

TEL is the only manufacturer in the world that offers a lineup ofequipment covering the four sequential processes that are criticalto ultra-fine semiconductor manufacturing: deposition, coater/developer, etching, and cleaning. Our solutions identify technicalneeds and issues concerning our products as early as at thedevelopment stage and co-optimize relevant processes.

TEL’s semiconductor production equipment holds a strong
position in each segment, and the products are typicallyranked first or second in their markets. That means virtually
all semiconductor chips in the world are processed by TEL’s
equipment at some point in their manufacture. Regarding
coater/developer that can be integrated inline with EUV*
exposure systems, TEL has a 100% share of the market.

CORPORATE PROFILE

Capital54.9 billion yen

Number of Employees

2,021 (non-consolidated) 17,522 (consolidated)*

Head Office

Akasaka Biz Tower, 3-1 Akasaka 5-chome,
Minato-ku, Tokyo 107-6325, Japan

World Top 10
Semiconductor Production Equipment Manufacturers
CY2022 Revenue Ranking(Billions of US$)
24.85

Applied Materials

21.34

ASML

* TEL estimate

Products Holding No. 1 or No. 2 Shares in the
Global Market* EUV: Extreme Ultraviolet

88,000units

ProberEquipment Lineup Covering Four Sequential
Processes

TOKYO ELECTRON

Toshiki Kawai
Representative Director, President & CEO* as of March , 2023

about

15

November 1 1, 1963

Representative

16.2%

Major products and market position*

Coater/Developer

Established

Korea*Group companies in the process of being wound up
are not shown on the map.

Deposition

Company Information

Largest Installed Base in the World(As of the end of March 2023)
The global installed base of TEL’s equipment is the largest in theindustry at about 88,000 units. In addition, about 5,000-6,000
new equipment are being shipped to customer fabs every year.
These products also bring significant after-market opportunities
for servicing, parts sales, and equipment upgrades, whichconstitute a growing business segment.

19.04

Lam Research

16.43
10.44

KLA
Advantest

3.54

SCREEN

2.76

ASM International

2.53

Kokusai Electric

2.19

Teradyne

2.11
Source:TechInsights Manufacturing Analysis Inc., May 2023

TOKYO ELECTRONCORPORATE PROFILE16

SUSTAINABILITY

TEL’s Sustainability Initiatives
for the Advancement of aDream-Inspiring Society

By dealing with the material issues and pursuing TEL FOR GOOD social contribution activities, we are aiming to contributeto the resolution of industrial and social issues, the development of industry and society, and the achievement of the SDGs.
“We strive to contribute to the development of a dream-inspiring society through our leading-edge technologies andreliable service and support.” By practicing this corporate philosophy, we strive to achieve medium- to long-term profit
expansion and continuous corporate value enhancement.

Business Operations focused on Sustainability

Social Contribution Activities

We have identified the following four material issues that require prioritized attention andactions, and are implementing sustainability initiatives through our business operations.

Pursuit of operational
efficiency

Continuously create high value-added
next-generation products
Product
Competitivenessresearch and development,
tackling technologicalinnovation

Strong relationship based on trust
Sole strategic partner
contribution to create value creation,
field solutions, safe equipment design,
improvement of customer satisfaction

TEL FOR GOOD is the brand name for our social contribution
activities. Considering the activities’ importance to society andrelevance to our business, we have defined the three focus areas
below. Activities of TEL FOR GOOD are being implemented
throughout the world, while promoting initiatives through ourbusiness operations.

Customer
Responsiveness

HigherProductivity

Management Foundation

promotion of improved
productivity,
quality focus operations

Build a strong managementfoundation that underpins
our business activities

Technology and Innovation
Fostering innovation through cutting-edge technologies isessential to the evolution of semiconductors and displays.
Through TEL FOR GOOD, we create learning opportunities
that foster creativity and support highly original researchand development on a global scale.

corporate governance, risk management,
information security, compliance,
supply chain management, human rights,
health, safety, human resource,
environment

Conserving the Global Environment

Participation in Global Initiatives

Third-Party Recognition

We participate in a variety of global initiatives andpromote sustainability in our business operations.

Our sustainability initiatives have been receiving high acclaim from global
rating organizations.
*1

United Nations
Global Compact(UNGC)*3

Task Force on Climate-Related
Financial Disclosures (TCFD)*1: FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Tokyo Electron has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the
FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices
are used by a wide variety of market participants to create and assess responsible investment funds and other products. https://www.ftserussell.com/products/indices/FTSE4Good*2: The inclusion of Tokyo Electron Limited in any MSCI Index, and the use of MSCI logos, trademarks, service marks or Index names herein, do not constitute a sponsorship, endorsement or promotion of Tokyo Electron Limited by MSCI or any of its affiliates. The
MSCI Indexes are the exclusive property of MSCI. MSCI and the MSCI Index names and logos are trademarks or service marks of MSCI or its affiliates.
*3: Copyright ©2023 Sustainalytics. All rights reserved. This publication contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data)and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject
to conditions available at https://www.sustainalytics.com/legal-disclaimers

TOKYO ELECTRON*2

Co-creation with Communities
Responsible Business Alliance（RBA）

17

As climate change becomes more serious, we strive
to build a decarbonized society through TEL FOR GOOD
and our business activities. We also make efforts toconserve water resources and maintain biodiversity. In
addition, we contribute to the conservation of the global
environment by promoting a circular economy.

CORPORATE PROFILE

In addition to contributing to the development andrevitalization of the communities where we conductbusiness through employment opportunities andfostering local industries, we strive for co-creation with
communities through TEL FOR GOOD, which is rooted inour communities. We also fulfill our role as a corporate
citizen by participating in international humanitarian aid
and disaster recovery initiatives.

TOKYO ELECTRONCORPORATE PROFILE18