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Rise of AI keeps chip equipment investment flowing

Tokyo Electron and Canon boost capacity despite smartphone slump

Tokyo Electron boosted capital spending for the current fiscal year by 20% from the initial target, to 50 billion yen.

TOKYO -- The global semiconductor market may be slumping, but industry players are investing like the next boom is just around the corner.

Japan's chipmaking equipment suppliers are pursuing significant production increases. Tokyo Electron intends to double the capacity of its Miyagi plant in northern Japan by the end of March 2020, while Screen Holdings aims to boost capital spending 40% in the year through March 2019.

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