TOKYO — Despite strong Chinese demand, leading Japanese chipmaking equipment makers are looking to diversify sales channels to countries such as India to secure long-term growth amid the risk of rising tensions between Beijing and the United States.
Japan's Semiconductor Equipment Association forecasts that Japanese chip equipment sales will grow 15% in 2024 and continue to grow in double digits. Tokyo Electron, Screen Holdings and Advantest upgraded their full-year forecasts when they announced their April-June results, reflecting stronger-than-expected demand.