TOKYO -- Chip equipment maker Tokyo Electron expects to triple production speeds with the advances of a new development facility in northeastern Japan, helping to tap into growing demand and fend off rising Chinese rivals.
New development capabilities in Japan to help produce equipment 3 times faster

Tokyo Electron's new development building in Japan's Miyagi prefecture cost $365 million. (Tokyo Electron)
TOKYO -- Chip equipment maker Tokyo Electron expects to triple production speeds with the advances of a new development facility in northeastern Japan, helping to tap into growing demand and fend off rising Chinese rivals.