TOKYO (Reuters) – Tokyo Electron on Thursday reported operating profit doubled in the April-June quarter boosted by investment in legacy capacity in China and advanced packaging for artificial intelligence tasks.
The Japanese chip equipment maker booked a first-quarter profit of 165.7 billion yen ($1.13 billion) with 49.9% of sales coming from China.
Sales to Taiwan and North America also grew with Tokyo Electron hiking its full year profit forecast by 8% to 627 billion yen.
($1 = 146.0200 yen)
(Reporting by Sam Nussey; Editing by Christian Schmollinger)
