Tokyo Electron's market cap surpasses Sony on Nvidia boost

Chipmaking equipment maker becomes 3rd-most valuable Japanese company

2024022N TEL

Tokyo Electron shares have benefited from investor interest in the AI boom. (Tokyo Electron)

KENTARO TSUTSUMI, Nikkei staff writer

TOKYO -- Chipmaking equipment manufacturer Tokyo Electron on Thursday became Japan's third-most valuable company in terms of market capitalization, besting such mainstays as Sony Group, thanks to the buzz surrounding Nvidia and artificial intelligence.

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