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KLA estimates up to $900m revenue hit in 2023 from China chip ban

Latest export curb deals blow to major U.S. chipmaking tool suppliers

California-based KLA specializes in providing testing and measuring equipment for semiconductors.    © Reuters

PALO ALTO, U.S. -- Leading chipmaking equipment supplier KLA saw strong sales in the July-September quarter, but warned of a severe revenue impact from the latest U.S. restrictions on semiconductor exports to China, the company reported Wednesday.

For the three months ended Sept. 30, KLA reported $2.7 billion in revenue, up 30.7% year on year. China was the largest revenue contributor, accounting for 31% of the total.

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