Advantest hikes profit forecast by 25% on AI boost
28/10/2025 06:49
TOKYO, Oct 28 (Reuters) - Japan's Advantest 6857.T 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. Operating profit rose 71% to 108.4 billion yen in the July-September quarter compared to a year earlier, with the company raising its mid-term plan financial targets as AI-related investment boosts the industry. ($1 = 150.7800 yen) (Reporting by Sam Nussey; Editing by Himani Sarkar) ((sam.nussey@tr.com;))
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