Flexible Electronics News

Applied Materials Revises 4Q of Fiscal 2022 Business Outlook

The US government announced new export regulations for U.S. semiconductor technology sold in China.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. is revising its business outlook for the fourth quarter of fiscal 2022, ending Oct. 30, 2022. On Oct. 7, 2022, the United States government announced new export regulations for U.S. semiconductor technology sold in China, including wafer fabrication equipment and related parts and services. Applied currently estimates that the new regulations will reduce its fourth-quarter net sales by approximately $400 million, plus or minus $150 million. Applied is revising its f...

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