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  • Reuters

    Japan's Advantest says AI demand boosting memory tester business

    Japan's Advantest said on Wednesday booming demand for high bandwidth memory (HBM) used for artificial intelligence (AI) tasks is boosting its memory tester business. HBM, a type of high performance memory where chips are stacked to save space and reduce power consumption, is used when processing the large amount of data needed for AI tasks. "Currently, HBM makes up roughly 50% of our memory testing business and we see that continuing in the near-term," CEO Douglas Lefever said in an interview.

  • Reuters

    Japan's Advantest says US executive Lefever to become CEO

    TOKYO (Reuters) -Japan chip test equipment company Advantest Corp said on Wednesday its Chief Operating Officer Douglas Lefever, a U.S. citizen, will become CEO from April, with current Chief Executive Yoshiaki Yoshida becoming chairman. Lefever, who became COO in January 2023 and previously served as CEO of Advantest America, joins a select group of foreign leaders of companies in Japan, which is known for its hierarchical and codified corporate culture. He takes the helm at Advantest at a time of growing investor anticipation about the boost chip equipment makers may receive from investment in artificial intelligence, with the company's shares up 44% year-to-date.

  • Zacks

    Are Computer and Technology Stocks Lagging Advantest (ATEYY) This Year?

    Here is how Advantest Corp. (ATEYY) and Meta Platforms (META) have performed compared to their sector so far this year.