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US-China tensions

U.S. companies caught in crossfire of China chip crackdown

Applied Material expects up to $550m hit from Washington's ban on equipment sales

The U.S. has been gradually tightening semiconductor restrictions on China, and technology requirements are more stringent this time around.   © Reuters

PALO ALTO, U.S./SEOUL/TOKYO -- The impact of Washington tightening restrictions on advanced semiconductor technology exports to China is being felt at home.

California-based Applied Materials, a leading manufacturing equipment supplier, has downgraded its August-October earnings outlook, while fellow American equipment suppliers Lam Research and KLA have temporarily suspended support for some Chinese chipmakers.

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