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Applied Materials expects new U.S. Department of Commerce export restrictions under the "BIS Affiliates Rule" to limit…
AMATApplied Materials Inc
Applied Materials expects new U.S. Department of Commerce export restrictions under the "BIS Affiliates Rule" to limit its ability to serve certain China-based customers, resulting in an estimated $110 million revenue reduction in Q4 fiscal 2025 and $600 million in fiscal 2026. This regulatory shift creates a significant top-line headwind for the company due to increased restrictions on its ability to export products and services to the Chinese market.