Shares in Japanese toilet maker Toto soar on AI-related pivot
Toto shares surge after announcing plans to increase semiconductor component production.
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toto, the japanese toilet maker, saw its shares jump after announcing plans to ramp up production of semiconductor components. the company will invest in new manufacturing lines for parts used in chipmaking equipment. investors are betting the pivot will tap into demand driven by the ai boom. toto didn't disclose exact investment figures or timelines in the announcement.
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