Toilet maker Toto scores a royal flush as share price rises due to AI demand in unlikely chipmaking side-gig — Japanese company develops electrostatic chucks to hold silicon wafers in lucrative segment
Toilet manufacturer Toto's shares have surged due to its involvement in the AI memory market, with its electrostatic chucks used in NAND chipmaking being a significant factor in its stock increase. Toto's expertise in ceramics has allowed it to diversify into the semiconductor and display supply chain, contributing substantially to its operating income. Analysts predict significant profit growth for Toto as the AI industry continues to drive demand for its products, showcasing the unexpected ways companies are benefiting from the AI boom in Japan.
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