Tokyo Electron Stocks Surge on Profit Forecast Rise

Tokyo Electron Ltd. Sees Sharp Rise in Shares as Capital Expenditures for Chip-Making Equipment Recover

Tokyo, Japan – Tokyo Electron Ltd. saw a significant increase in its shares after it raised its fiscal-year earnings forecasts, citing a recovery in capital expenditures for chip-making equipment. The company’s shares were up 10% at 32,830 yen in Tuesday morning trade, after reaching a peak of 12% earlier. The rise in Tokyo Electron’s shares comes after the Japanese markets were closed on Monday for a holiday.