Advantest hikes profit forecast by 25% on AI boost


Advantest's logo is pictured in Tokyo, Japan June 4, 2024. REUTERS/Sam Nussey

TOKYO (Reuters) -Japan's Advantest on Tuesday hiked its operating profit forecast for the year ending March 2026 by 25% to 374 billion yen ($2.48 billion) as spending on artificial intelligence drives demand for its chip testing equipment.

"We have grown confident that the favourable business environment, supported by the ongoing build-out of global AI data centre infrastructure, will continue," CEO Douglas Lefever told an earnings briefing.

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