Semiconductor sales grow with 5G and data center storage demand
Tokyo Electron strategically shifted focus to big data and data-centric products. The company believes COVID-19 (coronavirus) market shocks and effects on everyday life accelerated the growth of big data. Tokyo Electron cited increased demand from 5G network expansion and data memory storage for higher semiconductor sales. The company’s semiconductor production equipment segment is projected to grow 84.9% from Q3 2021 to Q3 2022. It consistently accounts for over 90.0% of sales. DRAM sales grew as a percentage of net sales to 31.0%.
Balance Sheet|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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