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Tokyo Electron expected to see profit rebound on AI demand

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TOKYO — Japanese manufacturers of chipmaking equipment such as Tokyo Electron are attracting analyst estimates of double-digit profit gains this fiscal year, a rebound driven mainly by surging demand from the artificial intelligence boom and from China.

Tokyo Electron is on track to boost net profit 33% this fiscal year to 450.8 billion yen ($2.94 billion), according to the average analyst outlook from QUICK Consensus.



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