US Export Controls Deliver $710 Million Blow to Applied Materials

The semiconductor equipment sector faces renewed pressure as Applied Materials grapples with substantial financial fallout from tightened U.S. export restrictions targeting China. The chipmaking technology leader disclosed it expects to lose approximately $710 million in revenue due to newly implemented trade limitations, sending its shares downward despite recent strong performance.

Applied Materials revealed the staggering financial consequences will materialize rapidly, with $110 million in lost sales projected for the current quarter alone. The more significant blow comes in the subsequent fiscal period, where the company anticipates an additional $600 million revenue shortfall directly attributable to the export controls.

This substantial financial setback arrives just as Applied Materials had been generating positive industry attention. In September, the company announced a prominent partnership with GlobalFoundries... Read more...