Applied Materials sees weaker China spending in 2026 on tighter US curbs

(Reuters) -Applied Materials said on Thursday it expects spending on chipmaking equipment in China to fall in 2026 as tighter U.S. export controls limit its market access,​ with overall revenue projected to be stronger in the second half of the year. While tighter U.‌S. export curbs are expected to dampen demand, strong memory output tied to surging AI investments is likely to help partially ‌offset the impact. Shares fell more than 4% in after-hours trading. Last month, the company forecast a $600 mill ...