Posted 4/15/2024, 8:29:00 PM
Chip Equipment Makers Poised for Strong Growth on AI, China Demand
- Tokyo Electron and other chip equipment makers expected to see strong profit growth this fiscal year due to AI and China demand
- Tokyo Electron's net profit forecast to jump 33% to 450.8 billion yen
- Global sales of chipmaking equipment estimated to top previous 2022 record, reaching $124 billion in 2025
- Japanese chip equipment companies like Disco and Lasertec also poised to benefit
- Surging AI demand driving increased investment in semiconductors and related equipment