Japanese chip equipment firms rely on China sales
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Japanese chip equipment firms rely on China sales

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Forex – Japanese semiconductor equipment providers are counting on China as their biggest source of revenue, even as they get caught in the US-China crossfire.

Japanese semiconductor equipment giant Tokyo Electron said its revenue share in China rose to 44% in the fiscal year ending March 2024 from 23% a year earlier. That ratio rose to about 50% in the first quarter of fiscal 2025 from 39.3% in the same period last year.

Screen Holdings, meanwhile, generated 43% of its total sales from China in the fiscal year ending March 2024, up from 19% in fiscal 2023. That figure rose to 51% in the first quarter of this fiscal year, up from 23% in the same period last year. The company expects China sales to be 41% for the full fiscal year ending March 2025. The large presence of Japanese chip companies in China underscores the difficulties the U.S. ally faces in balancing the demands of the White House with its own domestic economic interests.

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