Tokyo Electron expects boost from generative AI as early as 2024 – Nikkei Asia

Chip equipment maker projects memory-related demand to pick up toward year-end
TOKYO — Chipmaking equipment maker Tokyo Electron could see competition for generative artificial intelligence lift earnings as early as 2024, Senior Vice President Hiroshi Kawamoto told Nikkei.
The semiconductor industry is expected to enjoy a major boost as technology companies around the world race to develop generative AI, such as ChatGPT. While Nvidia currently dominates the market for graphics processing units, which let AI models learn from large amounts of data, rivals like Advanced Micro Devices are eager to catch up.
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