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Asia chip firms see strong AI demand; market jitters continue

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Asia chip firms see strong AI demand; market jitters continue

Business News Tech AI Asia chip firms see strong AI demand; market jitters continue

Asian chip-supply-chain companies report a strong ongoing demand for AI-related products despite investor concerns. Foxconn Chairman Young Liu stated that AI is not in a bubble, underscoring clear demand for AI products. Tokyo Electron reported a significant forecast increase in operating profit due to robust demand for chipmaking equipment. SK Hynix announced plans to return about $75 billion to shareholders due to rising memory prices.

Asian chip-supply-chain companies said on Friday AI-related demand remained strong while investor concerns persisted over whether the massive investments in AI infrastructure would generate adequate returns. Foxconn Chairman Young Liu told reporters at a company event that AI was not in a bubble and demand for AI products remained clear. The contract electronics maker is Nvidia's biggest AI server maker and Apple's top iPhone assembler. Alphabet, Intel and Amazon all fell overnight due to market concerns over whether returns will justify continued high capital expenditure. The caution spread to Asia on Friday, with technology stocks including South Korea's SK Hynix, Taiwan's TSMC and Japan's Advantest coming under pressure.

"In the various conversations we are having with our customers, interest is very strong," Tokyo Electron Chief Financial Officer Hiroshi Kawamoto told reporters at a briefing about the company's half-yearly results. 41 billion), underscoring robust demand for chipmaking equipment. "At present, there are no signs that this is slowing down," he said. Despite concerns about AI-related spending, Asian suppliers of chips and semiconductor equipment continue to report strong results.


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