Tokyo Electron is the dominant supplier of coater/developer and thermal processing tools, with monopoly-like share in EUV track. Japan's export control alignment with US has been less restrictive than feared, preserving China revenue. Yen weakness boosts reported earnings power. Rapidus Hokkaido fab buildout creates a domestic megacustomer.
Thesis reviewed May 29, 2026
Tokyo Electron Limited is headquartered in Japan, which is currently showing moderate signals.
🇯🇵Japan58NEUTRALView Japan risk detail →💻Semiconductors2WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| ONTO | Onto Innovation Inc. | 11 | +17% | ↓57% | EARLY |
| WOLF | Wolfspeed Inc. | 11 | -29% | ↓57% | AVOID |
| TSM | Taiwan Semiconductor Manufacturing Company | 11 | +12% | ↓57% | NEUTRAL |
| NVDA | NVIDIA Corporation | 11 | +10% | ↓57% | NEUTRAL |
| UMC | United Microelectronics Corporation | 11 | +7% | ↓57% | NEUTRAL |
| ARM | Arm Holdings plc | 11 | +17% | ↓57% | EARLY |
| MU | Micron Technology, Inc. | 11 | +16% | ↓57% | EARLY |
Investors who hold TOELY may also have indirect exposure through these country funds.
Rapidus 2nm pilot line places largest-ever TEL order
TEL EUV track share remains above 95% at TSMC and Samsung
Japan export controls on China narrower than expected
Estimates · Yahoo Finance · Not audited figures