Hello my dears, I remain invested here too.
TOKYO: Japan's Advantest on Tuesday raised its operating profit forecast for the fiscal year through March 2026 by 25 percent to 374 billion yen ($2.48 billion) as spending on artificial intelligence boosts demand for the company's chip-testing equipment.
"We are confident that the favorable business environment, supported by the ongoing expansion of global AI data center infrastructure, will continue," CEO Douglas Lefever said in an earnings call.
Operating profit rose 71 percent year-on-year to 108.4 billion yen in the July-September quarter, with the company raising its medium-term financial targets as AI-related investments boost the industry.
($1 = 150.7800 yen)
Source: Reuters
https://www.channelnewsasia.com/business/advantest-hikes-profit-forecast-25-ai-boost-5429426
