Tokyo Electron forecasts 87 percent profit surge
Tokyo Electron forecast an 87 percent jump in annual operating profit to 1.17 trillion yen. The strong outlook highlights robust demand for chipmaking equipment despite broader market jitters over artificial intelligence spending.
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TOKYO ELECTRON LTD projected an 87% jump in operating profit to 1.17 trillion yen ($7.41 billion) on Friday morning, defying broader sector jitters. The upbeat guidance highlights resilient demand for chipmaking equipment despite mounting questions over artificial intelligence infrastructure returns. The equipment maker's forecast provides a crucial gauge of health for the wider semiconductor supply chain amid shifting market sentiment.
