Shin-Etsu Chemical’s first-half profit rises 11% on AI chip demand
Shin-Etsu Chemical (TYO:4063) reported an 11% rise in first-half net profit to 286.94 billion yen, driven by strong demand for semiconductor materials. Revenue increased 10.6% to 1.42 trillion yen, with electronics materials as the main growth driver. The company maintained its full-year forecast, projecting revenue of 2.7 trillion yen and operating profit of 700 billion yen.