More on US ban chips to China – Applied Materials cuts quarterly revenue, profit estimates

Last week the US banned Chinese companies from buying advanced chip-making equipment or employing American citizens without a licence.

The impacts are mounting, these from earlier:

This from Reuters:

• Chip-making technology supplier Applied Materials Inc said on Wednesday export restrictions to China would result in a $250 million-$550 million loss in net sales in the quarter ending Oct. 30, with a similar impact expected in the following three months.