Oct 2, 2018
Tokyo, October 2, 2018 - Tokyo Electron (TEL) today announced that on October 1, it had completed all procedures relating to the ownership transfer of a consolidated subsidiary, TEL NEXX, Inc. based on the purchase agreement concluded with ASM Pacific Technology Ltd. first announced on April 4, 2018.
The impact of this ownership transfer on TEL’s consolidated financial results is expected to be a minor one.
Note: The financial forecasts and estimates stated in this announcement are based on certain assumptions judged to be reasonable by TEL in light of information currently available concerning economic conditions in Japan and overseas, fluctuations in foreign exchange rates, and other factors that may have an impact on performance. TEL does not promise that the forecasts or estimates will be accurate.
They are therefore susceptible to the impact of many uncertainties, including market conditions, competition, the launching of new products (and their success or failure), and global conditions in the semiconductor related industry. Consequently, actual impact of this ownership transfer on TEL’s consolidated financial results may differ substantially from the projections stated in this announcement.