Chip tools maker KLA Corp forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, riding on plans by chipmakers to expand production and build new factories in Europe and the United States. Shares of the Milpitas, California-based company rose 2.2 per cent in trading after t
Chip tools maker KLA Corp forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, riding on plans by chipmakers to expand production and build new factories in Europe and the United States.From chips used for AI work that power chatbots like ChatGPT to those used for automating cars, the demand for semiconductors has jumped in the last few years. Chipmakers are scrambling to boost capacity and tool makers including KLA and Applied Materials will gain from this.
Top KLA customers Taiwan Semiconductor Manufacturing Co and Samsung Electronics have both announced billions of dollars in investments to build new plants in the United States amid growing U.S.-China tensions. Chipmaker Intel too has announced similar plans.
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