Asia
Japan Chip Tool Makers Turn Cautious on China Uncertainty
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Japanese chip gear makers trimmed their revenue forecast for fiscal 2025, citing fears of a slowdown in spending in China as well as by makers of automotive and power chips.
The Semiconductor Equipment Association of Japan said it now expects 5% revenue growth to ¥4.66 trillion ($30 billion) in the year to March 2026, down slightly from the ¥4.68 trillion forecast it gave in July. The muted outlook contrasts with 20% revenue growth it now expects in the 12 months to this March and heavyweight customer Taiwan Semiconductor Manufacturing Co.’s expectation of as much as a 40% growth in capital spending this year.