Chip equipment makers brace for sales decline on memory slump

Stock prices on rise as investors factor in anticipated recovery, demand from AI

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Demand for wafer fabrication equipment has been lackluster. (Photo courtesy of Tokyo Electron)

KENTARO TSUTSUMI, Nikkei staff writer

TOKYO -- Seven out of the nine top chipmaking equipment manufacturers are likely to log a sales decline in the current quarter as client companies rein in capacity investment in the face of a worsening semiconductor market.

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