Tokyo Electron Sees Robust Profit Growth Amid Jitters over AI Returns

Asia chip firms see strong AI demand; market jitters continue

Company forecasts 87% rise in operating profit to 1.17 trillion yen on strong chip equipment demand

Tokyo Electron sees robust profit growth amid jitters over AI returns

TOKYO, Oct 30 (Reuters) - Tokyo Electron on Friday forecast a stronger-than-expected 87% jump in operating profit to 1.17 trillion ​yen ($7.41 billion), underscoring robust demand ‌for chipmaking equipment driven by the AI boom. The upbeat forecast com...

Tokyo Electron’s Outlook Beats Estimates While AI Spending Grows

Tokyo Electron Ltd. gave an annual outlook that beat estimates in a sign of faster-than-expected spending by chipmakers hurrying to meet AI hardware demand.

Tokyo Electron's Outlook Beats Estimates While AI Spending Grows

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