TEL Announces the Establishment of a New Company in Shanghai, China.Business Editors & High-Tech Writers TOKYO--(BUSINESS WIRE)--Nov. 28, 2001 Tokyo Electron Limited ("TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom ") (Head Office: Minato-ku, Tokyo; C.E.O., President: Tetsuro Higashi) plans to establish a new company in Shanghai, China to further improve its customer support system for the company's semiconductor production equipment, as the Chinese semiconductor market is expected to further expand in the future. The new company will commence operations in April 2002, once various procedures have been completed. In China, with the rapid spread of cellular phone use and other various Information Technology (IT)-related devices, there is growing demand for domestic procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. of semiconductors to be used for these devices. Against this backdrop, the semiconductor and LCD-related industries are achieving remarkable growth, prompting establishment of new companies and rapid expansion of existing plants. In addition, 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 Procuring, in general, is the act of acquiring goods or services, usually by contract. It may refer to:
The outline of the new company is described below:
Name: Tokyo Electron (Shanghai) Limited
Location of the head office: Shanghai Wai Gaoqiao Free Trade
Zone, Shanghai City, China
Major operations: Maintenance and service for
semiconductor production equipment
and LCD production equipment
Capital: 2 million dollars
Major management members: Hironobu Sato, Chairman (TEL vice
president of the Business
Development & Accounting
Management, Asia will take the
office as an additional post) Jay
Chen, President (current TEL
director of Shanghai Representative
Office)
Expected number of employees: Approximately 70 (as of April 2002)
About TEL TEL, established in 1963, is a leading supplier of innovative semiconductor and LCD (Liquid Crystal Display) A display technology that uses rod-shaped molecules (liquid crystals) that flow like liquid and bend light. Unenergized, the crystals direct light through two polarizing filters, allowing a natural background color to show. production equipment worldwide. Product lines include coater/developers, oxidation/diffusion furnaces, dry etchers, CVD CVD Cardiovascular disease, see there systems, sputtering A popular method for adhering thin films onto a substrate. Sputtering is done by bombarding a target material with a charged gas (typically argon) which releases atoms in the target that coats the nearby substrate. It all takes place inside a magnetron vacuum chamber under low pressure. systems (PVD PVD abbr. peripheral vascular disease PVD Peripheral vascular disease, see there ), wet cleaning  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. systems, and test systems. In Japan, TEL distributes other leading edge semiconductor equipment tools, such as metrology metrology Science of measurement. Measuring a quantity means establishing its ratio to another fixed quantity of the same kind, known as the unit of that kind of quantity. tools or process control systems. In addition, TEL distributes high quality computer systems, semiconductor devices and electronic components of other leading suppliers, as well as computer network related products from around the world. To support this diverse product base, TEL has strategically located research & development, manufacturing, sales, and service locations all over the world. TEL's revenues in their last fiscal year were 723.9 billion yen, or more than 6 billion dollars. TEL is a publicly held company listed on the Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. . http://www.tel.co.jp |
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