Japanese plumbing manufacturer Toto has unexpectedly become one of the companies benefiting from the development of artificial intelligence. The company has announced plans to increase the production of semiconductor components. This was reported by Ixbt.com xabar.
Following this news, Toto shares rose by 18 percent in a single day, reaching their highest level in the last five years. Although Toto is primarily known as a brand for toilets and plumbing equipment, the company has long utilized its expertise in ceramics.
The company manufactures electrostatic chucks, which are specialized components used to hold silicon wafers during the chip manufacturing process. These specific elements are in high demand for the production of modern semiconductors, including artificial intelligence chips.
Toto has been producing such components for over 40 years. However, the surge in demand for everything related to AI chips is compelling the company to expand its production capacity.
The market responded positively not only to the company's plans in the semiconductor sector but also to its record annual profit.
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