PALO ALTO, U.S. -- Applied Materials saw strong sales in the August-October quarter but could take up to a $2.5 billion blow to revenue in fiscal 2023 from fresh U.S. curbs on semiconductor exports to China, the California-based chipmaking equipment manufacturer said Thursday.
Semiconductors
Applied Materials sees $2.5bn revenue hit from China chip ban
Company hopes to ease pain by seeking licenses for certain Chinese clients
California-based Applied Materials is one of the world's biggest suppliers of chipmaking equipment. © Reuters
Read Next
Latest on Semiconductors
