Advantest raises profit outlook on chip-testing demand
TOKYO: Advantest raised its annual operating profit forecast by 35% on Wednesday as spending on artificial intelligence drives demand for its chip-testing equipment.
Advantest expects operating profit to rise by 70% to 846 billion yen ($5.17 billion) in the financial year ending March 2027.
The average forecast from analysts polled by LSEG was for operating profit of 686 billion yen in the year to March 31.
