Japanese chip equipment makers, Tokyo Electron and Kokusai, are experiencing significant revenue growth from China. Tokyo Electron's revenue from China has increased to 43% in the third quarter, up from 24% a year earlier. Kokusai's stock has rallied 66% since its IPO, with expectations of nearly 50% of its revenue coming from China. Both companies are expanding in China to offset US export controls on China. Additionally, Nissan plans to sell electric vehicles manufactured in China to the global market, and Apple reports firm demand for its products in China despite some government bans.
On Apple reports from China we continue to focus on demand remains firm in this key region based on our latest iPhone checks. Some of the shadow China government bans will remain but does not move the needle that much in our view. Overall firm demand into 24. šš±š
.@Nissan, the Japanese automaker, announced on Sunday that it plans to sell electric vehicles manufactured in China to the global market. #ev https://t.co/FKKvPNT9Gi
Tokyo Electron, Asia's largest chip equipment maker, has largely offset US export controls on China by expanding sales of less advanced chip equipment to China (Financial Times) https://t.co/21Cr2SJfCm š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/uMWZmymamc
Tokyo-based chip equipment maker Kokusai expects nearly 50% of its revenue to come from China in the coming months; its stock is up ~66% since its October IPO (Bloomberg) https://t.co/id03piZn4a š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/T1klW4YrNF
Japanese chip gear-maker Kokusai is seeking to extend a 66% rally since its IPO less than two months ago by expanding in China https://t.co/lrZ1vq39Kg
Japanese chip gear-maker Kokusai is seeking to extend a 66% rally since its IPO less than two months ago by expanding in China https://t.co/uOv8L6Ahr8 via @technology
Japanese chip gear-maker Kokusai is seeking to extend a 66% rally since its IPO less than two months ago by expanding in China https://t.co/KCiDHEzUzh
Tokyo Electron says China is snapping up its less advanced chip tools amid export controls Tokyo Electron generating 43 per cent of its revenues from China in the third quarter, compared with 24 per cent a year earlier. https://t.co/jfNhWS9quz