Tokyo Electron Plans Record R&D Outlay Spurred by AI Chip Demand
- Demand for AI is spurring investment in chipmaking gear
- Supplier to Samsung, TSMC sees double-digit sales growth
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Tokyo Electron Ltd. is planning record research and development outlays this fiscal year and gave an upbeat revenue forecast on a surging demand for AI-enabling infrastructure.
The supplier of semiconductor manufacturing equipment to Samsung Electronics Co., Taiwan Semiconductor Manufacturing Co. and Intel Corp. said it expects appetite for artificial intelligence chips to help lift sales by 20% to ¥2.2 trillion ($14.1 billion) in the year to March, narrowly beating the average of analyst estimates.