TOKYO -- Japanese chip-tool maker Tokyo Electron on Thursday revised up its net profit forecast, saying it sees strong demand for artificial intelligence until at least the end of 2025, despite the recent global tech stock sell-off triggered by fears that returns on investments may take longer to be realized.
"We see no signs of big concerns materializing in the near future," Finance Division Officer Hiroshi Kawamoto said in an online news conference. He added that the company's customers have indicated that demand is "very strong."
