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Tokyo Electron to build $170m chip equipment plant in Japan

Production expected to begin in 2025, boosting capacity by 50%

Tokyo Electron plans to complete a new production facility in Oshu, Japan, in 2025, shown here in this artist's depiction. (Image courtesy of Tokyo Electron)

SENDAI, Japan -- Chipmaking equipment maker Tokyo Electron said Monday it will spend roughly 22 billion yen ($167 million) to build a production facility in northeast Japan in anticipation of renewed demand from the semiconductor industry.

The site will be located in Oshu, a city in Iwate prefecture. Manufacturing subsidiary Tokyo Electron Technology Solutions has sealed an agreement with Oshu on the location of the facility.

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