PALO ALTO, California -- Applied Materials, the top U.S. supplier of chipmaking tools, is under pressure in the crucial Chinese market as Washington's export restrictions hurt its access and spur the rise of homegrown players.
Semiconductors
Chip tools maker Applied Materials hits China rough patch
Shares tumble after company issues weak Q4 forecast
Applied Materials forecasts a drop in revenue this quarter, citing uncertainty in its China operations. (Photo by Kosuke Shimizu)
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