Tokyo Electron Ltd
OTC:TOELY
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
R
|
Rithm Acquisition Corp
NYSE:RAC
|
US |
|
G
|
Global Surfaces Ltd
BSE:543829
|
IN |
|
Xiaomi Corp
F:3CPA
|
CN |
|
Global Offshore Services Ltd
BSE:501848
|
IN |
|
Brii Biosciences Ltd
HKEX:2137
|
CN |
|
P
|
PayPay Corp
SWB:BS7
|
JP |
|
CDT Environmental Technology Investment Holdings Ltd
NASDAQ:CDTG
|
CN |
|
N
|
Northcoders Group PLC
F:5BN
|
UK |
|
Dexus Industria REIT
OTC:DXSIF
|
AU |
|
Bath & Body Works Inc
F:LTD0
|
US |
|
Nine Dragons Paper (Holdings) Ltd
F:N3Y
|
HK |
|
E
|
Ensurge Micropower ASA
LSE:0JI9
|
NO |
|
Instone Real Estate Group SE
F:INS
|
DE |
|
A
|
Aptargroup Inc
SWB:AGT
|
US |
|
SABIC Agri-Nutrients Company SJSC
SAU:2020
|
SA |
|
C
|
Conagra Brands Inc
XMUN:CAO
|
US |
|
D
|
DFI Retail Group Holdings Ltd
LSE:DFIJ
|
HK |
|
3M Co
NYSE:MMM
|
US |
|
CAR Inc
HKEX:699
|
CN |
|
F
|
Fleetcor Technologies Inc
NYSE:CPAY
|
US |
|
A
|
Ajinomoto Co Inc
XHAN:AJI
|
JP |
|
L&T Finance Ltd
BSE:533519
|
IN |
|
Ling Yun Industrial Corp Ltd
SSE:600480
|
CN |
|
E
|
Espey MFG & Electronics Corp
AMEX:ESP
|
US |
Economic Moat
Tokyo Electron has a wide economic moat
Replacing equipment already approved for a chipmaking process requires costly testing and risks disrupting production, giving Tokyo Electron a lasting hold on customers. Its patents also make it harder for rivals to copy the technology behind its chipmaking tools.
What protects Tokyo Electron from competitors
High Switching Costs
Chipmakers approve Tokyo Electron’s equipment for specific manufacturing processes rather than treating tools as interchangeable. Moving to another supplier means testing and adjusting those processes again, with time, expense and the risk of producing more defective chips.
Intangible Assets
Tokyo Electron’s patent portfolio protects technology used to deposit materials, coat and develop light-sensitive films, etch patterns and clean chip surfaces. These legal protections prevent rivals from simply copying protected designs, forcing them to develop alternative approaches.
What could weaken Tokyo Electron's moat
2 risks to watch
One for each source of the moat: what could happen and how it would weaken it
