The semiconductor equipment manufacturer cites a significant investment in China that has led to new customers and rapid growth. This growth compensates for delays in investments from top logic chip manufacturers and foundries. In the June quarter, China accounted for 39% of the company’s revenue.
Tokyo Electron plays a critical role in the chip supply chain, supplying equipment to companies like TSMC and Samsung Electronics. Despite the decline in global electronics, Tokyo Electron maintains its full-year earnings outlook and expects significant growth in investments in the automotive and industrial sectors driven by demand from China.
Source: Ferra
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