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Japan revises upward semiconductor equipment sales forecast

The Semiconductor Equipment Association of Japan (SEAJ) has revised its forecast for fiscal 2024 (April 2024 to March 2025) sales of semiconductor equipment produced by Japan-based manufacturers. The new estimate projects a 15% year-on-year increase, reaching JPY 4.2522 trillion (approximately USD 27.1 billion). This represents an upward revision of over 5% compared to the January 2024 estimate.