Tokyo Electron Lifts Annual Forecast to ¥593B Amid AI-Driven Chip Demand
Tokyo Electron Ltd. has raised its full-year operating profit forecast to ¥593 billion ($3.8 billion), up from an initial ¥586 billion, despite missing quarterly estimates. The upward revision reflects surging capital expenditure among chipmakers, fueled by the accelerating AI investment cycle.
The semiconductor equipment Maker reported strong demand for DRAM production tools, including high-bandwidth memory, with executives projecting this trend could sustain for years. However, the company noted softening orders from Chinese memory producers and delayed equipment purchases by logic chip manufacturers.
Finance Division Officer Hiroshi Kawamoto signaled potential for >20% growth if supply chain constraints ease: 'Customer inquiries are very strong.' The firm posted ¥116.14 billion in operating profit for December quarter.
