TOKYO -- Japanese chip-tool maker Tokyo Electron on Thursday revised up its net profit forecast, saying it sees strong demand for artificial intelligence until at least the end of 2025, despite the recent global tech stock sell-off triggered by fears that returns on investments may take longer to be realized.
Semiconductors
Tokyo Electron ups profit forecast, saying it sees strong AI demand
Chip-tool maker expects more memory chip investments, even as stock price slumps
Tokyo Electron, a major Japanese chip-tool maker, revised up its annual earnings forecast due to expected strong AI demand. (Tokyo Electron)
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