Chip equipment maker Tokyo Electron to set up new Bengaluru development hub: Karnataka IT min

Japanese semiconductor equipment maker Tokyo Electron Limited (TEL) will soon establish a new development site in Bengaluru, Karnataka IT minister Priyank Kharge said on Tuesday.

The Tokyo-headquartered company is best known as a supplier of equipment to fabricate integrated circuits (IC), flat panel displays (FPD), and photovoltaic cells.

In a post on microblogging site X, Kharge said that TEL, which is the world’s fourth-largest semiconductor equipment maker, has announced a new development hub in Bengaluru. “With nearly 21% of the global market…