Tokyo Electron counts on AI chip tools to offset China slowdown

TOKYO -- Japanese chipmaking equipment manufacturer Tokyo Electron is on track to increase sales in the artificial intelligence sector next fiscal year to make up for the Chinese business slowdown.

Tokyo Electron aims to have AI account for "approximately 40%" of WFE [wafer fab equipment] sales in the year ending March 2026, Hiroshi Kawamoto, senior vice president in charge of finance, told Nikkei in an interview.