TEL sees 90% profit surge as AI chip demand stays strong

T2Covered by 1 source · first reported by DigiTimes (headlines) at 02 Nov, 07:39 UTC

Tokyo Electron (TEL) forecasts nearly 90% annual operating-profit growth as chipmakers accelerate capital spending to meet demand for AI hardware, despite mounting concerns over an AI bubble. The company also announced a JPY150 billion share buyback program.

hardware

Sources

• T2TEL sees 90% profit surge as AI chip demand stays strongDigiTimes (headlines)02 Nov, 07:39