AI boom, lagging China demand create chip tool maker winners and losers

Lam, KLA, Advantest flourish while Tokyo Electron, Teradyne log declines

20250818N Chips

Tokyo Electron's net profit fell 7% on the year in the April-June quarter amid slower sales to China. (Tokyo Electron)

KENSHO MOTOWAKI

TOKYO --Earnings at top manufacturers of chipmaking equipment are starting to diverge, with some losing steam as sales to China fall off while others capitalize on demand for artificial intelligence chips.

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