Chip equipment maker Applied Materials faces a $600 million revenue hit in fiscal 2026 due to expanded U.S. export restrictions, impacting sectors like semiconductors and medical equipment. The company expects a $110 million impact on fourth-quarter revenue as it struggles with weakness in China and U.S. tariffs. The new rule will require more companies to obtain licenses for American goods and services, disrupting supply chains. Commerce Secretary Lutnick proposes a 50-50 chip manufacturing split with Taiwan to boost domestic production and reduce reliance. Applied Materials reported third-quarter revenue of $7.30 billion, exceeding estimates, with a fiscal 2024 revenue of $27.18 billion.

Read more at Yahoo Finance.: Applied Materials flags $600 million revenue hit in 2026 on broader chip export curbs