Japan chip equipment makers look beyond China for growth

2024 sales projected to expand 15% as players eye demand in India and more

20240828N chips

A Renesas Electronics semiconductor factory in Beijing. Chip equipment companies look to diversify the industry's supply chain outside China and Taiwan. © Reuters

KOTARO HOSOKAWA and TSUYOSHI TAMEHIRO, Nikkei staff writers

TOKYO -- Despite strong Chinese demand, leading Japanese chipmaking equipment producers look to diversify their sales channels into countries like India to ensure long-term growth amid the risk of heightening tensions between Beijing and the U.S.

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