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.



Source link

Related articles

BIZD Vs. PBDC: Easy Selection For Conservative Revenue Traders

This text was written byObserveRoberts Berzins has over a decade of expertise within the monetary administration serving to top-tier corporates form their monetary methods and execute large-scale financings. He has additionally made vital...

ECB's Villeroy: Victory towards inflation is in sight

Victory towards inflation is in sight.The inflation goal could also be reached in early 2025.Our rates of interest ought to clearly go to the impartial price.We nonetheless have vital room to take away...

Is BONK Rally In Jeopardy? Technical Indicators Verify Weak point

Este artículo también está disponible en español. BONK is going through mounting bearish strain as technical indicators sign rising weak spot available in the market. After a quick try to stabilize, the token seems...

Rémy Cointreau sees smaller loss, shares achieve By Investing.com

Investing.com -- Shares of Rémy Cointreau (EPA:) rose after the corporate reported a smaller-than-expected fall in its half-year EBIT, pushed by favorable foreign money results and decreased advertising expenditures.  At 5:09 am (10:09 GMT),...

McDermott achieves ISO 50001 certification for power administration at 4 fabrication yards

McDermott has acquired the Worldwide Group for Standardization (ISO) 50001 certification for power administration at 4 of its main fabrication yards: the Batam Fabrication Yard (BFY) in Indonesia, the Jebel Ali Fabrication Yard...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com