News Formal

Japan's Advantest lowers profit outlook as smartphone softness lingers

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

TOKYO : Japanese chip testing equipment company Advantest Corp on Tuesday downgraded its full-year operating profit forecast by 24 per cent compared to July as recovery in the smartphone market takes longer than expected.

Advantest sees operating profit of 80 billion yen in the year ending in March, down 52 per cent, pointing to softer demand for leading-edge test systems and higher costs.

"We will sustain our investment to address future technologies," CEO Yoshiaki Yoshida told an earnings briefing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 6. in BUSİNESS

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.

Japan printing giant Epson eyes growth in Middle East, Africa -CEOTOKYO : Printing giant Seiko Epson is betting on growth in the Middle East and Africa as demand ebbs in its home market of Japan and other developed nations, its chief executive said.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

MAS partners with Japan, UK, and Switzerland for digital innovationpstrongThe MAS Project Guardian will carry out industry pilots for digital asset management.
Source: SBRMagazine - 🏆 13. / 51 Read more »