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Tokyo Electron delays building new equipment assembly plant
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Tokyo Electron Limited (TEL) has cancelled the planned groundbreaking of a new equipment assembly plant in Taiwa-cho, Miyagi Prefecture, due to the drop in capital equipment spending in the semiconductor industry and poor industry dynamics expected in 2009. Originally, TEL planned to start construction in April 2009, with completion the same month the following year.
A new schedule has not been set due to the uncertainties in the industry and will decide on a new schedule when market conditions have improved.