Tokyo Electron: Japan's Decision On U.S. Sanctions Can Have A Major Impact On U.S. Semiconductor Equipment Companies

Jan. 26, 2023 6:46 PM ETTokyo Electron Limited (TOELY)AMAT, KLAC, LRCX15 Comments


  • Japan's leading semiconductor equipment company Tokyo Electron Ltd. is in the crosshairs of U.S. sanctions.
  • The U.S. is pressuring Japan and The Netherlands to agree to sanctions that have impacted U.S. companies, but negotiations continue.
  • If Japan doesn't agree with the U.S. in restricting shipments of WFE equipment to China, it will have a huge impact on U.S. companies.
  • This idea was discussed in more depth with members of my private investing community, Semiconductor Deep Dive. Learn More »

Main microchip on the motherboard


Amid U.S. sanctions against China’s semiconductor industry, two countries, The Netherlands and Japan, are holdouts in allowing their domestic semiconductor equipment companies to succumb to pressure to conform to U.S. requests.

I’ve already discussed The Netherlands’ domestic company ASML (

This free article presents my analysis of this semiconductor equipment sector. A more detailed analysis is available on my Marketplace newsletter site Semiconductor Deep Dive. You can learn more about it here and start a risk free 2 week trial now.

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I received a Ph.D. degree in chemistry from Oxford University (England) under Dr. John Goodenough, inventor of the lithium ion battery and 2019 Nobel Prize winner in Chemistry. I've had ten years experience in the field of wafer fabrication at AT&T Bell Laboratories and Stanford University.

I have been Editor-in-Chief of the peer-reviewed Journal of Active and Passive Electronic Devices since 2000. I authored the book "Technology Trends in VLSI Manufacturing" (Gordon and Breach), "Solar Panel Processing" (Old City Publishing), "Alternative Energy Technology" (Old City Publishing). Also in the solar area, I am CEO of SolarPA, which uses a proprietary nanomaterial to coat solar cells, increasing the efficiency by up to 10%. I recently published a fictional novel Blessed, available on Amazon and other sites.

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