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Tokyo Electron ( (JP:8035) ) has provided an update.
Tokyo Electron Limited reported that a Taiwan court has ordered its subsidiary, Tokyo Electron Taiwan Ltd., to pay a NT$150 million fine, with a three-year suspended sentence contingent on payments to an affected customer and the Taiwanese government, over a former employee’s mishandling of a customer’s confidential information in violation of supervisory obligations. The company emphasized that investigators found no organizational involvement or external leakage of trade secrets, said the case will not affect its financial results, and pledged to strengthen information management and enhance principles for protecting and sharing confidential information with customers to reassure stakeholders and reinforce its compliance stance.
The most recent analyst rating on (JP:8035) stock is a Buy with a Yen56800.00 price target. To see the full list of analyst forecasts on Tokyo Electron stock, see the JP:8035 Stock Forecast page.
More about Tokyo Electron
Tokyo Electron Limited is a leading Japanese manufacturer of semiconductor production equipment, supplying tools and services to chipmakers worldwide. Listed on the TSE Prime Market, the company focuses on advanced fabrication technologies for global electronics and semiconductor customers, with operations that include its subsidiary Tokyo Electron Taiwan Ltd.
YTD Price Performance: 34.75%
Average Trading Volume: 3,290,001
Technical Sentiment Signal: Buy
Current Market Cap: Yen21006.4B
Learn more about 8035 stock on TipRanks’ Stock Analysis page.