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Why TOTO (TSE:5332) Is Up 8.8% After Goldman Highlights Its AI-Facing Chip Equipment Role
Earlier this week, Goldman Sachs upgraded its rating on Japanese toilet maker Toto Ltd., highlighting the company’s electrostatic chucks used in NAND chipmaking as potential beneficiaries of AI-related infrastructure demand.
The move spotlights how a long-established bathroom fixtures brand is also a niche supplier within the semiconductor equipment value chain, tied to AI data center buildouts.
Next, we’ll examine how this AI-driven semiconductor equipment angle shapes Toto’s investment...