Chip-making tools maker KLA Corp forecast first-quarter revenue and profit above Wall Street expectations on Thursday, boosted by increasing investments in artificial intelligence, sending shares higher by 3 per cent in trading after the bell.
Companies, including Intel, TSMC, Samsung, Texas Instruments and Micron, are building new plants across the United States, raising the demand for chip tools.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese chemicals company sees potential niche in EUV chip making materialsTOKYO : Osaka Organic Chemical Industry, a Japanese manufacturer of high-end chemicals used in chip production, is betting on the materials market for extreme ultraviolet (EUV) lithography, a method for making advanced chips.Little known even in its home country, Osaka Organic has carved out a critical n
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SK Hynix reports Q2 loss as chip glut continuesSEOUL :South Korea's SK Hynix posted a quarterly operating loss on Wednesday, as the company said the memory chip market is beginning to recover from a deep downturn. The world's second-biggest memory chipmaker reported a 2.9 trillion won ($2.28 billion) operating loss in the April-June quarter, from 4.2 tril
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SK Hynix says memory chip recovery has begun, flags robust AI demandSEOUL :South Korea's SK Hynix said on Wednesday the memory chip market was beginning to recover from a deep downturn amid robust artificial intelligence demand, sending its shares higher even though it reported a second-quarter operating loss.In particular, memory chip demand from corporate buyers and gaming
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Foxconn, chip giants head to Modi's home state for India conferenceGANDHINAGAR, India : Top executives from Foxconn and semiconductor firms Micron and AMD will this week attend a conference in Prime Minister Narendra Modi's home state, as the government tries to lure investments into India's nascent chip industry.India wants to establish itself as a semiconductor manufac
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »