Tokyo Electron weighs China chip risk as it upgrades profit outlook

Threat of stricter U.S. export controls looms for Japan chipmaking equipment suppliers

20241112N Tokyo Electron

Demand for AI-related chipmaking capacity remains strong, Tokyo Electron says. (Tokyo Electron)

KYOKA YUASA, TSUYOSHI TAMEHIRO and HIROKI MASUDA, Nikkei staff writers

TOKYO -- Japanese chipmaking equipment maker Tokyo Electron has upgraded what was already a record full-year profit forecast, but it faces a slowdown in Chinese demand and the risk of tougher U.S. restrictions on technology exports to China.

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