Semiconductor Equipment - Berenberg Bank

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Tokyo Electron Ltd Technology Hardware Company background Founded in 1963, TEL is a world-leading supplier of SPE, FPD, PV and EC equipment. It supplies a broad range of SPE which are used in different chip manufacturing processes, and generates the majority of its revenue from shipping SPE. Its customers include major foundry, logic and memory chip-makers and IDMs. Figure 15: TEL product portfolio TEL Product portfolio: Semiconductor Production Equipment: Flat panel display equipment: Coater/Developer - photoresist processing FPD Coater/developers Clean track Lithius Pro V/Lithius pro V-i CS Series Clean track Lithius Pro/Lithius pro i Exceliner Clean track Lithius/lithius i+ Clean track act 12/Clean track Act 8 FPD etch/ash systems Clean track Act 12 SOD/clean track ACT 8 SME Series Clean Track act M HT Series SE eries Wafer deposition: Impressio Triase SPAi Triase Ti/TiN Triase W Triase High K CVD Etching tools: Telius SP UNITY Me Tactras Wafer bonding/debonding Synapse V/Spnapse Z Synapse S Surface preparation tools: Auto wet station Expedius + Auto wet station Expedius -i Gas Chemical Etch system Certas WING Single Wafer cleaning system - Cellesta+ Single Wafer cleaning system - Cellesta-i Scrubber system - NS 300+HT Scrubber system - NS 300+ Source: Company data Its EC division acts as a distributor of a wide range of sophisticated electronic components and computer network equipment. 132
Tokyo Electron Ltd Technology Hardware TEL’s shareholder structure TEL has approximately 180m outstanding ordinary shares listed on the Tokyo Stock Exchange, with a 94% free float. The shareholder structure at the 2012 financial year-end (March 2013) is shown below. Figure 16: Holding structure at end-FY 2012 The Master Trust Bank of Japan, Ltd. (trust account), 11% Other, 81% Japan Trustee Services Bank, Ltd. (trust account), 8% Source: Company data Management Chairman, president and CEO Tetsuro Higashi Mr Higashi joined TEL in 1996, and took over the role of president and CEO in Apr 2013, after former CEO Hiroshi Takenake resigned for health reasons. Executive vice president Hikaru Ito Mr Ito was appointed executive vice president of the SPE sales division and general manager in 2003. 133
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Semiconductor Equipment - Berenberg Bank

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