TOKYO -- Tokyo Electron drastically downgraded its full-year earnings forecast Thursday, as the Japanese producer of chipmaking equipment warned that tougher U.S. trade restrictions against China's semiconductor industry will depress sales.
Trade restrictions on China blamed for half of downgrade in annual sales

Tokyo Electron workers stand in front of equipment at a plant in Japan's Kumamoto prefecture. (Photo courtesy of Tokyo Electron)
TOKYO -- Tokyo Electron drastically downgraded its full-year earnings forecast Thursday, as the Japanese producer of chipmaking equipment warned that tougher U.S. trade restrictions against China's semiconductor industry will depress sales.