Tokyo Electron starts new 104 billion smart production building in Miyagi to meet growing AI and semiconductor demand
Tokyo Electron (TEL; Head Office: Minato-ku, Tokyo; President: Toshiki Kawai) announced it will expand Tokyo Electron Miyagi, a manufacturing subsidiary, by constructing a new production building at the Miyagi plant (Miyagi Prefecture, Japan) to meet the rapidly growing demand for semiconductors in recent years. As the use of digital technologies becomes more widespread and semiconductor technology innovation continues to advance, the semiconductor market is expected to exceed $1 trillion by 2030, driving further growth in the semiconductor equipment market. Tokyo Electron Miyagi’s dry etch systems business is also expected to grow significantly as its share of the expanding market increases. The new production building will adopt the Smart Production concept, which embodies the next-generation approach to manufacturing. By automating logistics functions and mechanizing manufacturing processes, the new facility will provide production lines with high capacity, quality,...
