Tokyo Electron’s Outlook Disappoints in Bad Sign for Chip Sector – Bloomberg
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Tokyo Electron Ltd., one of the world’s largest suppliers of chipmaking equipment, projected earnings well below analysts’ estimates in another negative signal for the global semiconductor sector.
The Japanese company forecast operating income of ¥393 billion ($2.9 billion) for the year ending March 2024, lagging the ¥446.7 billion average estimate. That disappointing outlook came after it reported a smaller-than-expected 9.4% profit slide for the March quarter of 2023.
