Tokyo Electron to expand despite concerns over AI spending.

Tokyo Electron plans to build a ¥104 billion plant, anticipating steady AI spending despite mixed signals from the chip industry.

Tokyo Electron is staying the course with its annual outlook and is even gearing up to build a ¥104 billion ($681 million) plant, signaling strong confidence in ongoing AI spending. The company, a key player in the global chip gear market, announced this after posting impressive earnings. With an operating profit of ¥199.6 billion in the December quarter, driven by sales of machinery for silicon wafers, this was a whopping 51% increase from last year, beating analyst expectations of ¥174 billion.

While closely monitored for its insights into future chip-related investments, Tokyo Electron kept its outlook stable, unlike Advantest, which recently raised theirs. Mixed signals are coming from the supply chain: ASML Holding's order numbers are unexpectedly high, yet Arm Holdings and Advanced Micro Devices are projecting cautious forecasts. This leaves some feeling uncertain about how sustainable this spending spree in the market will be.

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