Applied Materials

US House lawmakers criticize ASML, Tokyo Electron, KLA, and other equipment makers for selling to the Chinese military and helping build China's chip industry

including firms on U.S. restricted lists tied to the Chinese military and surveillance state. https://selectcommitteeontheccp.house.g ov/ ... Jonathan Cheng / @jchengwsj : .@committeeonccp: “Companies...

Applied Materials expects new US export rules from BIS restricting certain product shipments to China to hurt its Q4 revenue by $110M and 2026 revenue by $600M

Company expects new export restrictions to hurt its 2026 revenue by $600 million  —  Applied Materials expects a $710 million hit …

Sources: US Commerce Department officials inform Applied Materials that its planned $4B Silicon Valley R&D facility doesn't qualify for CHIPS Act grants

a decision that highlights gaps in how the US government is approaching semiconductor research https://www.bloomberg.com/... Forums: r/politics : Applied Materials Denied US Chips Grant for $4 Billion...

Sources: chip equipment maker Applied Materials is under a US DOJ criminal investigation for possibly evading export restrictions on SMIC, China's top chipmaker

Karen Freifeld / Reuters :

Applied Materials says US export controls on chips and chipmaking tech to China would result in a $250M-$550M net sales loss for its fiscal Q4 2022 and Q1 2023

Sources: the US government plans more curbs on US shipments to China of chipmaking tools and chips for AI, affecting Lam Research, Applied Materials, and others

The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence …