Reported 11 months ago
Advantest Corp.'s CEO, Douglas Lefever, predicts that the advancement of AI technology will lead to more complex chips in the future, increasing the demand for semiconductor testing equipment provided by the company. With the rapid development of AI not only driving datacenter investments but also benefiting various industries like automotive, Advantest stock soared over 7% after Lefever outlined ambitious targets for operating profit. The company aims to expand its market share in chip testing equipment to at least 58% in the next three years, emphasizing the need for rigorous testing as chip architectures become more intricate. Despite US restrictions on China's semiconductor sector, Advantest remains committed to serving the Chinese market, where it generated 37% of its sales in the March quarter.
Source: YAHOO