Tokyo Electron expects boost from generative AI as early as 2024

Chip equipment maker projects memory-related demand to pick up toward year-end

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Tokyo Electron expects its GPU-related equipment to drive growth over the medium- to long-term. (Photo by Keiichiro Sato)

KENTARO TSUTSUMI, Nikkei staff writer

TOKYO -- Chipmaking equipment maker Tokyo Electron could see competition for generative artificial intelligence lift earnings as early as 2024, Senior Vice President Hiroshi Kawamoto told Nikkei.

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