SAN JOSE, Calif. - Japan's Tokyo Electron Ltd. (TEL) posted sales of 159.6 billion yen ($1.95 billion) in its third fiscal quarter, up 39.7 percent from a year ago.
Japan's TEL posted a net income of 18.6 billion yen ($226.9 million) in the period, compared to break-even a year ago.
Sales for the fab tool business were 115.3 billion yen ($1.4 billion) for the quarter, compared to 137.0 billion yen ($1.67 billion) in the previous quarter and 76.5 billion yen ($932.6 million) a year ago.
The LCD and solar gear unit was up 576.1 percent.
In a slide presentation, Hiroshi Takenaka, president and CEO of TEL, presented a mixed picture about the fab tool business in 2011.
''Fall in DRAM price has led to some adjustment of capex plans, but capex for NAND, MPU and Foundry performing well. 2011 WFE market expected to be up by around 10 percent,'' he said in the slides.
''Large panel investment in adjustment phase but investment for tablet PCs and smartphones continues to grow. Overall capex expected to be about same level as 2010,'' he said. ''While (solar-based) single-crystal silicon and compound (Cd-Te) currently performing well, good future for thin-film silicon prospected, based on continued improvements in conversion efficiency.''
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