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Companies

Overseas chip demand spurs Japan's Disco to record profit

But outlook clouded by US tech sector's turmoil

Grinding wheels that process silicon wafers are selling well as chipmakers keep output high.

TOKYO -- Chipmaking equipment producer Disco is headed for a fourth straight profit record for fiscal 2017 thanks to strong demand abroad, but a potential slowdown in capital investment by U.S. tech companies has weighed on its outlook.

The Japanese company's operating profit appears to have surged 64% on the year to 51.5 billion yen ($480 million) for the year ended March, on sales of 167.5 billion yen, an increase of 25%.

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