The surging demand for artificial intelligence (AI) has resulted in a 390% stock price increase for Towa Corp., a Japanese firm critical to the chipmaking process.

What Happened: According to Bloomberg, Towa Corp.’s stock price has increased almost fivefold over the past year, largely due to the AI-driven demand for high-bandwidth memory.

According to TechInsights, the Kyoto-based company dominates two-thirds of the global chip molding equipment market. This equipment is essential for encasing chip dies and wires with resin, which safeguards them from environmental factors and enables safe stacking, enhancing graphics processors’ capabilities.

See Also: Jeff Bezos Convinced His Siblings To Invest $10K Each In His Online Startup Called Amazon — Here’s How Mu

Major clients such as SK Hynix, Samsung Electronics, and Micron Technology have been buying Towa’s compression molding tools, further expanding the company’s lead. “Our customers say that they can’t make …

Full story available on Benzinga.com

The surging demand for artificial intelligence (AI) has resulted in a 390% stock price increase for Towa Corp., a Japanese firm critical to the chipmaking process.

What Happened: According to Bloomberg, Towa Corp.’s stock price has increased almost fivefold over the past year, largely due to the AI-driven demand for high-bandwidth memory.

According to TechInsights, the Kyoto-based company dominates two-thirds of the global chip molding equipment market. This equipment is essential for encasing chip dies and wires with resin, which safeguards them from environmental factors and enables safe stacking, enhancing graphics processors’ capabilities.

See Also: Jeff Bezos Convinced His Siblings To Invest $10K Each In His Online Startup Called Amazon — Here’s How Mu

Major clients such as SK Hynix, Samsung Electronics, and Micron Technology have been buying Towa’s compression molding tools, further expanding the company’s lead. “Our customers say that they can’t make …

Full story available on Benzinga.com

 The surging demand for artificial intelligence (AI) has resulted in a 390% stock price increase for Towa Corp., a Japanese firm critical to the chipmaking process.
What Happened: According to Bloomberg, Towa Corp.’s stock price has increased almost fivefold over the past year, largely due to the AI-driven demand for high-bandwidth memory.
According to TechInsights, the Kyoto-based company dominates two-thirds of the global chip molding equipment market. This equipment is essential for encasing chip dies and wires with resin, which safeguards them from environmental factors and enables safe stacking, enhancing graphics processors’ capabilities.
See Also: Jeff Bezos Convinced His Siblings To Invest $10K Each In His Online Startup Called Amazon — Here’s How Mu
Major clients such as SK Hynix, Samsung Electronics, and Micron Technology have been buying Towa’s compression molding tools, further expanding the company’s lead. “Our customers say that they can’t make …Full story available on Benzinga.com   Read Moreartificial intelligence, Asia, Equities, Hirokazu Okada, Kaustubh Bagalkote, News, semiconductor, Towa Corp, Global, Markets, Tech, News, Equities, Asia, Global, Markets, Tech, Benzinga Asia