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U.S. semiconductor companies have faced roadblocks to conducting business as usual in China, and now it’s chip-equipment makers’ turn to feel the pain.
Applied Materials Inc.
AMAT warned after Thursday’s close that it expected to see a $600 million hit to net revenue in fiscal 2026 from a new rule of the U.S. Department of Commerce’s Bureau of Industry and Security that “will further restrict” the semiconductor-equipment company’s ability to sell to some Chinese customers without a license. The new rule could also reduce net revenue for the final quarter of fiscal 2025, which is ongoing, by $110 billion.
This post was originally published on Market Watch
