Advantest hikes profit forecast by 25% on AI boost
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TOKYO :Japan's Advantest on Tuesday hiked its operating profit forecast for the year ending March 2026 by 25 per cent 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. Operating profit rose 71 per cent to 108.4 billion yen
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