Rigaku's Profit Halves as US Lab Sales Slow, Even as Onto Innovation Takes a Board Seat
Operating profit fell by more than half at Japanese X-ray instrument maker Rigaku Holdings in the six months to June, dragged down by weaker lab-equipment sales tied to US trade friction and energy costs rather than academic-funding cuts alone. Chipmaking tools kept growing on memory and logic demand, and Carlyle has sold its Rigaku stake to US metrology firm Onto Innovation, which gets a board seat and a joint hybrid-metrology push aimed at advanced AI chips.