ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Business deals

Tokyo Electron to sell US unit to Singapore's ASM Pacific

Japanese manufacturer seeks narrower focus in semiconductor production

Tokyo Electron seeks to boost profitability by concentrating on earlier portions of the semiconductor manufacturing process. 

TOKYO -- Tokyo Electron has struck a deal to sell U.S. subsidiary TEL NEXX to Singapore-based ASM Pacific Technology for $90 million, aiming to boost profitability by concentrating on earlier portions of the semiconductor manufacturing process.

TEL NEXX specializes in equipment that deposits metal such as wiring and films on semiconductors. The sale is slated for completion in late 2018, Tokyo Electron said Wednesday.

The Japanese manufacturer of chipmaking equipment said it is examining the deal's impact on earnings for the fiscal year ending in March 2019 and will disclose any effects on the company's forecasts.

ASM Pacific, a leading producer of semiconductor assembly and packaging equipment, reported sales of $2.25 billion for 2017.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media