KEY TAKEAWAYS Applied Materials said it expects a $710 million hit to its revenue from new restrictions on its China exports, pressuring shares of the chip manufacturing equipment maker Friday. The Commerce Department’s Bureau of Industry and Security issued a new rule on Sept. 29 raising the number of Chinese clients Applied Materials would need a license to export to, …
Read More »Applied Materials Sees $710M Hit From China Curbs. Here’s What You Should Know
:max_bytes(150000):strip_icc()/GettyImages-2189946115-cf8e0a671d044e19b6aefb2030fe7e73.jpg "Applied Materials Sees 0M Hit From China Curbs. Here’s What You Should Know")