Search results for Tokyo Electron
AI & Enterprise
Asia tech stocks rally on U.S.-Iran war-end deal, SoftBank jumps 12 percent
Asian technology shares rose on June 15 after reports that Iran and the United States reached an agreement to end conflict in the Middle East. Investors saw easing regional tensions as a signal to increase appetite for risk assets, focusing buying on semiconductor and artificial intelligence-related stocks. SoftBank Group climbed more than 12 percent intraday. Semiconductor names in Japan, South Korea and Taiwan also advanced.
Finance
Japan stock market breaks 40-year silence, nears revival
Japan\'s stock market is being assessed as close to a \"true revival\" for the first time in 40 years, Business Insider reported. The Nikkei 225 has risen about 30 percent this year and topped 67,000 for the first time, helped by Japan\'s role in the AI semiconductor supply chain. Gains have been supported by semiconductor equipment stocks, SoftBank investments, Berkshire Hathaway purchases, foreign inflows and stronger-than-expected GDP growth.
AI & Enterprise
KT to supply renewable power to Tokyo Electron Korea under PPA
KT will pursue a direct power purchase agreement (PPA) with Tokyo Electron Korea to support carbon neutrality. The companies held a signing ceremony on May 11 with key officials attending. KT will supply renewable energy to Tokyo Electron Korea’s major sites, starting in September. It will initially provide 15 megawatts and then expand the transaction to 50 MW, a capacity it said can cover the sites’ annual power demand.
