Japan's Advantest hikes FY profit outlook by 53%

 Japan's Advantest (6857.T), opens new tab hiked its full year operating profit forecast by 53% on Wednesday citing stronger than expected growth in demand for chip testing equipment.

Advantest expects profit of 138 billion yen ($903.02 million) in the year ending March 2024, pointing to the increasing complexity of chips related to generative artificial intelligence (AI) as boosting the use of testing tools.  

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