ATEYY - Teradyne Keysight rise as chip-testing companies join in sector rally

Teradyne (NASDAQ:TER), Keysight Technologies (NYSE:KEYS) and other companies specializing in testing and equipment used in the semiconductor industry saw their shares rise Thursday amid broad chip-sector gains spurred on by the latest announcements from Taiwan Semiconductor (NYSE:TSM). Teradyne (TER) climbed 3.5%, while Keysight (KEYS) shares rose 2.2% and Advantest (OTCPK:ATEYY) was up by 4.2% as investors showed some enthusiasm over the longer-term outlook for the chip industry following comments from semiconductor foundry giant Taiwan Semiconductor (TSM). Prior to Thursday's market open, Taiwan Semi (TSM) said it would build a new factory in Japan, and also gave an upbeat third-quarter report and fourth-quarter forecast. The world's largest semiconductor equipment foundry said that it expects its fourth-quarter sales to be between revenue for the quarter to be between $15.4 billion and $15.7 billion. While Taiwan Semi (TSM) said its new Japan factory wouldn't begin production until late 2024, the announcement was enough

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Teradyne, Keysight rise as chip-testing companies join in sector rally