AI Boom Spurs 390% Surge In Little-Known Chip Gear Company’s Stock Price

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Individual: Michael Bloomberg

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AI Boom Spurs 390% Surge In Little-Known Chip Gear Company’s Stock Price

(Bloomberg) -- One of the beneficiaries of booming AI-driven demand for high-bandwidth memory is a Kyoto-based company that controls a small but essential part of the chipmaking process.Towa Corp. commands two-thirds of the world’s chip molding equipment market, according to research firm TechInsights. It’s a key step that encases chip die and wires with resin, protecting them from dust, moisture and impact so they can be safely stacked together…