Tokyo Electron Sees Robust Profit Growth Amid AI Return Concerns
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08:05:45 AM UTC
SquawkNews
Tokyo Electron TSE:8035 on Friday forecast a stronger-than-expected 87% jump in operating profit to 1.17 trillion yen ($7.41 billion), underscoring robust demand for chipmaking equipment driven by the AI boom.The upbeat forecast comes despite growing investor concerns over whether heavy spending on…