TOKYO ELECTRON LTD SPONSORED ADS (Japan) TELWY

Tokyo Electron is one of the world's biggest makers of the machines used to manufacture computer chips. Its equipment coats, etches, and cleans silicon wafers inside chip factories run by customers such as Samsung, TSMC, and Micron. The ticker TOELY is a U.S. over-the-counter share (an unsponsored ADR) that tracks the company's primary stock listed in Tokyo. It makes money selling this manufacturing equipment plus the ongoing service and spare-parts contracts that keep it running.