Tokyo Electron : Corporate Update (June 27, 2024)（

Tokyo Electron Corporate Update

June 27, 2024

Contents

1. TEL Overview
2. Semiconductor and SPE Market Outlook
3. Corporate Principles and New Medium-term Management Plan
4. Business Environment and Financial Estimates
5. Corporate Sustainability
6. Diversity of Semiconductor Technology

6-1 Technology Roadmap

6-2 Effects of EUV Lithography Adoption and Technology Trends

7. TEL's Business Strategies

7-1 SPE Business Initiatives

7-2 Etch System

7-3 Deposition System

7-4 Cleaning System

7-5 Backend Business Strategy - Activities for the Development of Wafer Bonding Process 7-6 Field Solutions Business Initiatives

7-7 Digital Transformation (DX) Initiatives

7-8 Procurement and Manufacturing Strategy

Appendix ：Data Section

Investor Relations / June 27, 2024

3

17

20

29

40

51

52

60

68

69

75

84

90

96

105

111

124

129

2

1. TEL Overview

Investor Relations / June 27, 2024

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Company Profile

Established

Major Products

and Services

Capital

Sales/Profit

Number of

Employees

Global Network

November 11, 1963

Semiconductor Production Equipment

54.9 Billion Yen

Net sales 1,830.5 Billion Yen / Operating income 456.2 Billion Yen / Operating margin 24.9%

(Fiscal 2024)

2,114 (non-consolidated) 18,236 (consolidated)
Japan: 6 companies / 27 sites
Overseas: 20 companies / 18 countries and regions / 60 sites
Total: 26 companies / 19 countries and regions / 87 sites (consolidated)	(as of April 1, 2024)

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Worldwide Operations

(As of May 10, 2024)

Tokyo Electron (Shanghai)

Tokyo Electron (Shanghai) Logistic Center

TEL Manufacturing and Engineering of America

TEL Magnetic Solutions

Tokyo Electron (Kunshan)

Tokyo Electron Korea

Tokyo Electron Europe

TEL Venture Capital

TEL Technology Center, America

TEL Solar Service

Tokyo Electron Israel

Tokyo Electron India

Tokyo Electron U.S. Holdings

Tokyo

Electron Taiwan

Tokyo Electron America

Tokyo Electron Philippines Semiconductor Support

Tokyo Electron (Malaysia)

Tokyo Electron Technology Solutions

Tokyo Electron Singapore

Tokyo Electron Miyagi

Tokyo Electron Kyushu

Tokyo Electron (World Headquarters)

Tokyo Electron FE

Total (as of April 1, 2024)

Tokyo Electron BP

26 companies

19 countries and regions

Head Office

Branch, Office (including Field Service), Sales Office

87 sites

*Group companies in the process of being wound up are not shown on the map.

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Investor Relations / June 27, 2024

The Market TEL Participates in

CY2023 World Market

Electronic	US$ 2,428B
System

Semiconductor	US$ 529B

US$ 102B

Wafer Fab Equipment

Source: Gartner®, "Forecast: Semiconductor Capital Spending, Wafer Fab

Equipment and Capacity, Worldwide, 1Q24 Update", Bob Johnson, Gaurav Gupta, 26 April 2024 Charts/graphics created by Tokyo Electron based on Gartner research.

Electronic System＝Electronic Equipment Production/Semiconductor＝

Semiconductor Revenue /Wafer Fab Equipment ＝Total Wafer Fab Equipment Revenue Basis. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

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TEL is Innovative and Flexible to Market Change

	Distributor of Other Suppliers' Products		Established Development/	Globalization	Production Reform	Striving for New Growth
（Billion Yen）		Manufacturing Functions
2,500

TEL Consolidated Net Sales

2,000

Began overseas direct operations

1,500

Discontinued export business of consumer products
	Strengthened corporate governance

1,000

Listed on TSE #2 in1980 and #1 in 1984

500 Established

first manufacturing JV (TEL-Thermco)

0

65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 (FY)

					(E)
Expansion of				Data	AI
Semiconductor Applications*
			Digital Consumer Electronics	Center
		Mobile Phone		EV	IoT
Mainframe	Single Chip	PC
Computer	Microprocessor		Smart Phone/Tablet

*The diagram is an image of the expanding use of semiconductors and does not indicate the actual number of semiconductors used.

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Financial Performance: Sales and Operating Margin

(Billion Yen)

2,500

2,250

2,000

1,750

1,500

1,250

1,000

750

TEL Net Sales

Operating Income Operating Margin

60%

2,209.0 2,200.0

2,003.850%

1,830.0

40%

29.9%
26.5% 30%
28.0%
24.3%	20%

500

250

0 -250

																																		10%
																																		0%
																																		-10%
91	92	93	94	95	96	97	98	99	00	01	02	03	04	05	06	07	08	09	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25 (FY)
																																		(E)
		 4M DRAM oversupply					 IT bubble crash								 Effects of European debt crisis, slowdown in emerging markets
											 Excessive logic foundry investment				 Weak demand for PC, mobile
								 Financial crisis in Asia						 World financial crisis
								 64M DRAM oversupply					 Memory oversupply

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CY2023 SPE Makers Top 15

1 ASML

2 Applied Materials

3 Lam Research

4 Tokyo Electron

5 KLA

6 Advantest

7 ASMI

8 SCREEN Semiconductor Solutions

9 Teradyne

10 NAURA

11 SEMES

12 Hitachi High-Tech

13 DISCO

14 Kokusai

15 Lasertech

Investor Relations / June 27, 2024

CY2023 Sales (Billions of US$)

29.01

25.27

14.31

12.45

9.19

2.89

2.84

2.76

1.81

1.81

1.75

1.64

1.60

1.36

1.27

Source：TechInsights Inc., April

9

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