TOKYO -- Semiconductor and related companies -- hobbled by supply chain problems and unable to keep up with a deluge of orders from the consumer electronics and auto industries -- have become the darlings of institutional investors playing the long game.
Shares in Tokyo Electron have gained 14% since the end of last year, reaching an all-time high. Japan's leading provider of semiconductor production equipment expects a 15% jump in revenue to 1.3 trillion yen ($12 billion) for the year through March.
