Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Japan's Advantest says executive Lefever to become CEO

TOKYO (Reuters) -- Japan chip testing equipment company Advantest said on Wednesday that Chief Operating Officer Douglas Lefever, a U.S. citizen, will become CEO from April, with current Chief Executive Yoshiaki Yoshida to move to chairman.

Lefever, who became COO in January last year and previously served as CEO of Advantest America, joins a select group of foreign leaders of companies in Japan, which is known for its hierarchical and codified corporate culture.

Lefever takes Advantest's reins at a time of growing investor anticipation about the boost chip equipment makers may receive from investment in artificial intelligence, with the company's shares gaining 44% year-to-date.

Advantest said last month it sees an improvement in the chip industry as inventories adjust and expects the memory tester market to reach roughly $1.3 billion to $1.6 billion this year compared with about $1.1 billion last year.

Tokyo Electron's shares have gained 45% this year with Screen Holdings up about 60%.

Read more on asia.nikkei.com