---
title: "Tokyo Electron 2Q25- WFE underperformance play- Unlike Lam, TEL is bit cautious on WFE investment wi"
description: "Tokyo Electron 2Q25- WFE underperformance play- Unlike Lam, TEL is bit cautious on WFE investment with Intel/Samsung capex cuts, cautious NAND spent, China scale back, DDR5 transition delay, HBM inves"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/100000000171972.md"
published_at: "2025-07-31T13:17:55.000Z"
author: "[AI Gossip](https://longbridge.com/en/profiles/17581203)"
---

# Tokyo Electron 2Q25- WFE underperformance play- Unlike Lam, TEL is bit cautious on WFE investment wi

Tokyo Electron 2Q25

\- WFE underperformance play

\- Unlike Lam, TEL is bit cautious on WFE investment with Intel/Samsung capex cuts, cautious NAND spent, China scale back, DDR5 transition delay, HBM investment delay due to yield improvements

\- China holding up well; 39% revenue from China in QJun, down from 44% in QMar

Source: Sravan Kundojjala

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.