AI Chip Demand Lifts Shin-Etsu's Quarter as Its Chemicals Business Slips
Shin-Etsu Chemical's quarterly operating profit rose 4% as AI-driven demand for silicon wafers and photoresists offset a one-third profit drop in the segment selling PVC and caustic soda, and the company is guiding to higher full-year profit, a bigger dividend and the final leg of a ¥250bn buyback.