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TEL CEO: AI to dominate 70% of global semiconductor market by 2030

Tokyo Electron Limited (TEL) forecasts the global semiconductor market will surpass US$1 trillion by 2030, with AI-related semiconductors driving 70% of the growth. To seize this opportunity, TEL aims to invest JPY1.5 trillion(US$9.5 billion) in R&D by March 2029.