Tokyo Electron Limited (TEL) is a company that manufactures semiconductor and flat panel display production equipment. It operates through two segments: Semiconductor Production Equipment (SPE) and Flat Panel Display (FPD) Production Equipment. The SPE segment offers coaters and developers, etch, deposition, and cleaning systems used in wafer processing, wafer probers used in wafer testing, and other semiconductor production equipment. The FPD Production Equipment segment provides products used in the manufacture of flat panel displays.