KLA Corp forecasts stronger-than-expected Q1 revenue and profit due to high-end chip demand for AI, with China revenue at 44%.

KLA Corp forecasts stronger-than-expected revenue and profit for its fiscal first quarter, driven by rising demand for high-end chips due to the surge in AI applications. Its revenue contribution from China increased to 44%. KLA, a chip-making equipment manufacturer, projects its current quarter revenue at $2.75bn, surpassing analysts' consensus estimate of $6.50.

July 24, 2024
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