TEL establishes new company in Shanghai

Nov. 29, 2001 – Tokyo, Japan – Tokyo Electron Limited (TEL) CEO, and President Tetsuro Higashi plans to establish a new company in Shanghai, China, to improve its customer support system for the company’s semiconductor production equipment. The new company will be called Tokyo Electron (Shanghai) Limited, and will be located in Shanghai City.

The new company will commence operations in April 2002.

With the affiliation of China with the World Trade Organization, there is a possibility that the country’s business environment will improve, prompting trade with, and investments in, the developing Chinese market. In response to these recent circumstances and prospects for future business growth in China, TEL will shift from the current agency system to a direct support system regarding technical support based on a local subsidiary in order to further enhance customer satisfaction.

In the future, TEL also plans to improve the functions of the new company as a base for procuring components and materials in China.

TEL expects to be employ some 70 people at the new company by April.


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