Tokyo Electronics issues a warning about their optimistic attitude towards artificial intelligence, giving a cautious outlook.

Japanese semiconductor manufacturer Tokyo Electronics Co., Ltd. has raised its annual forecast, but the magnitude of the increase is lower than expected, indicating that factors such as export controls and supply chain issues are still inhibiting the prospects of this Japanese chip equipment manufacturer in the midst of the artificial intelligence spending boom. Tokyo Electronics' operating profit for the third quarter increased to 158.5 billion yen, exceeding analysts' average expectations of 148.2 billion yen. Net sales reached 630 billion yen, better than expected. However, Tokyo Electronics' newly announced full-year forecast is 586 billion yen, lower than analysts' expected 602 billion yen.