Asian chip firms report strong AI demand despite investor jitters

thestar.com.my —

Asian chip-supply-chain companies reported strong AI-related demand on Friday, while investor concerns persisted over whether massive AI infrastructure investments will generate adequate returns. Foxconn Chairman Young Liu said AI was not in a bubble, citing clear product demand. Tokyo Electron forecast an 87% jump in operating profit, and SK Hynix announced plans to return about $75 billion to shareholders amid higher memory prices. Technology stocks, including SK Hynix, TSMC, and Advantest, came under pressure as caution spread to Asia. Doubts over the Anthropic IPO, AI financing, and wider adoption are holding back investors, according to MST Financial's David Gibson.


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