Applied Materials' shares drop as stringent US export curbs weigh on China business

Core Viewpoint - Applied Materials shares fell by 5% prior to market opening on Friday due to a forecast indicating reduced spending in China next year, attributed to stringent U.S. export restrictions [1] Group 1 - The company is a chip equipment maker facing challenges in the Chinese market [1] - The forecasted reduction in spending is a direct consequence of U.S. export curbs [1]