Tokyo Electron Limited

Few companies outside the headlines matter as much to chipmaking as Tokyo Electron. Started in 1963 and based in Tokyo, it builds the machines that fabs use to manufacture semiconductors, and along with ASML, Applied Materials and Lam Research it forms the small club of firms that supply essential equipment. Tokyo Electron is especially dominant in coater/developer tools, the systems that apply and process the light-sensitive films used in photolithography, where it holds most of the global market. Its customers are the world's chip manufacturers, so its sales rise and fall with their capital spending and with the broader memory and logic cycle. The company also sits inside the US-China technology fight, since export controls on advanced equipment shape who it can sell to. Long-run demand for more and denser chips underpins the investment case.

On MyRWA, TOKYOEL trades tokenized across 3 on-chain venues - see the listings below.