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

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

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

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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.

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