TOKYO -- Tokyo Electron, Japan's leading maker of semiconductor production equipment, sees AI-related sales rising about 150% this fiscal year to 690 billion yen ($4.8 billion) and expects demand to increase further next year despite some investor doubts about the outlook for chips used in artificial intelligence.
Tokyo Electron expects AI-related tech to account for 30% of the company's projected 2.3 trillion yen in consolidated sales for the fiscal year ending March 2025, up from 15% the previous year, according to Hiroshi Kawamoto, the company's finance chief.
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