(Reuters) -Applied Equipment Maker Company expects applied materials of $ 500 million to the financial revenue of 2026 after the United States has expanded the export list restricted in a blow to sectors such as semiconductors, aircraft and medical equipment.
Applied material shares decreased about 3 % in trading on Thursday after the company said in the new base file it is difficult to export some products and provide specific spare parts and services to choose their headquarters of China without a license.
On Monday, the US Department of Commerce expanded the black list of export to include the majority -owned companies owned by the listed companies, which leads to companies in China and other countries using units and subsidiaries to circumvent some restrictions on the export of the United States.
Applied material also expects an impact of about $ 110 million on the revenue of the fourth quarter.
The company and competitors, such as ASML Holding, were already subjected to weak pressure in China and US tariffs. In August, applied materials provided Dour sales and profit expectations for the fourth quarter.
The new base is likely to disrupt supply chains and will significantly increase the number of companies that need licenses to receive American goods and services.
To increase the local production of chips and reduce dependence on Taiwan, US Trade Minister Howard Lootnick told Washington to the power of Asian chips would be a 50-50 manufacturing division.
Applied materials recorded that the revenues of the third quarter increased by 8 % to $ 7.30 billion from last year, overcoming estimates of $ 7.22 billion, for all data collected by LSEG.
The Santa Clara company’s revenue increased by 2.5 % to $ 27.18 billion in the fiscal year 2024.
(Participated in the reports of the Metri spices in Bangaluru; edited by Devika Siamnat)
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