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Nikkei Asia

Asia's tariff-hit chip investments to recover by September: Towa

TOKYO -- Japanese chip tool manufacturer Towa says Asian semiconductor investments disrupted by tariff threats from U.S. President Donald Trump could rebound by September. Towa President Muneo Miura said in an online news conference on Monday that the company forecasts a recovery in orders starting in its second quarter, which ends in September. Investment in memory chips used for advanced artificial intelligence applications would likely take longer, he added, forecasting a recovery by the end of this year.