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Tokyo Electron Ltd to Merge with Subsidiaries


Wednesday, 19 Dec 2012 03:00am EST 

Tokyo Electron Ltd announced that it will merge with a Tokyo-based wholly owned subsidiary and a Miyagi-based wholly owned subsidiary, effective April 1, 2013. The Tokyo-based subsidiary has been engaged in the development of semiconductor manufacturing equipment, flat panel display (FPD) manufacturing equipment and other related software, and the Miyagi-based subsidiary has been engaged in the development and manufacture of semiconductor manufacturing equipment. After the transaction, the Company will be the surviving company and the two subsidiaries will be dissolved.