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Business deals

Aborted merger was blessing in disguise for Tokyo Electron

Collapsed deal with Applied Materials planted two seeds for future growth

Concentration on the semiconductor business could be a double-edged sword but Tokyo Electron is committed to its strategy.

TOKYO -- Nearly three years after Tokyo Electron's planned merger with Applied Materials collapsed over objections from U.S. anti-trust regulators, the Japanese company finds itself in a surprising position: healthier profit margins.

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