Technology: Trumpf grows massively in the chip industry business
The laser specialist is becoming the winner of the AI boom. The company's chief technology officer reveals just how much production is being increased in an interview with the Handelsblatt.
Trumpf, a laser specialist, is investing in the chip industry, which is becoming a key pillar for the company during difficult times. The company's semiconductor business is expected to become its largest division in a few years, with a strong order intake and revenue forecast. Trumpf has lost around €1 billion in sales since its record financial year 2022/23 and has cut around 1000 jobs, mostly in Germany. The company plans to increase production capacity and create new jobs in Germany.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
