Advantest CEO Expects AI to Change Chipmaking as Shares Leap
- AI needs complex, costly chipmaking that involves more tests
- Advantest focused on delivering solutions to China, CEO Says
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Advantest Corp. stands to benefit as a boom in AI development makes chips more complex in coming years, boosting demand for the semiconductor testing equipment it supplies, the company’s chief said.
Chief Executive Officer Douglas Lefever, waving off concerns that investors may be overestimating future demand, told Bloomberg Television that AI wasn’t just spurring datacenter investment but will also fundamentally boost other industries including cars. Advantest stock finished more than 7% higher on Wednesday, posting its biggest gain since February after Lefever’s company outlined higher-than-projected targets for operating profit.