Reported about 13 hours ago
Tokyo Electron Ltd. has released a cautious annual outlook, indicating that China's efforts to develop its own chip supply chain are impacting sentiment, despite an increase in global AI spending driving semiconductor demand. The company now anticipates a 16% decline in operating profit but suggests that strong demand for advanced chips could improve their outlook. While facing challenges such as geopolitical tensions and export restrictions on chipmaking equipment, the firm remains optimistic about future revenue growth driven by the AI sector and data center investments.
Source: YAHOO