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Advantest hikes profit forecast as AI boosts testing demand

Advantest hikes profit forecast as AI boosts testing demand

Japan’s Advantest on Wednesday hiked its full year operating profit forecast by almost a fifth to 165 billion yen ($1.08 billion) as strong demand for high performance artificial intelligence-related chips boosted its testing tools business. 
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Chinese automaker Geely steps up challenge to BYD with new hybrid tech

Chinese automaker Geely steps up challenge to BYD with new hybrid tech

China’s Geely Automobile Holdings took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology from local plug-in hybrid champion BYD.
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Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports

Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports

Toyota Motor and Japan’s Nippon Telegraph and Telephone (NTT) will invest 500 billion yen ($3.26 billion) in research and development to create artificial intelligence software to improve self-driving, Nikkei reported on Tuesday.
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Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence Design Systems raised the midpoint of its annual profit forecast on Monday, betting on the boom in generative AI to drive demand for its software used to design complex chips that power those systems, sending its shares up 6.4% in extended trading. 
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