Chip-making tools maker KLA Corp forecast first-quarter revenue and profit above Wall Street expectations on Thursday, boosted by increasing investments in artificial intelligence, sending shares higher by 3 per cent in trading after the bell.
Companies, including Intel, TSMC, Samsung, Texas Instruments and Micron, are building new plants across the United States, raising the demand for chip tools.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: