It may not be a household name in computer chips like Intel or AMD, but Tokyo Electron, which had $10.7 billion in revenue in its most recent fiscal year, plays a crucial role in the semiconductor industry. Besides selling the equipment used to manufacture chips, Tokyo Electron also makes machines used to produce high-­quality flat-panel display screens for personal computers and LCD televisions. Though it’s vulnerable to overall slowdowns in the semiconductor industry,
Tokyo Electron’s exposure to the screen industry offers it a separate source of growth.