Core Viewpoint - Applied Materials, a chip equipment maker, anticipates a $600 million reduction in fiscal 2026 revenue due to the U.S. expanding its restricted export list, impacting sectors like semiconductors and aircraft [1] Group 1: Company Impact - The forecasted revenue hit of $600 million is a direct consequence of new export restrictions imposed by the U.S. government [1] - The restrictions are expected to significantly affect the semiconductor industry, which is already facing challenges [1] Group 2: Industry Implications - The expansion of the restricted export list indicates a tightening regulatory environment for the semiconductor sector, potentially leading to further revenue declines across the industry [1] - Other sectors such as aircraft manufacturing are also likely to experience negative impacts from these export restrictions [1]

(Reuters) -Chip equipment maker Applied Materials forecast a $600 million hit to fiscal 2026 revenue after the U.S. expanded its restricted export list in a blow to sectors such as semiconductors, aircraft and medical equipment. Shares of Applied Materials fell about 3% in extended trading on Thursday after the company said in a filing the new rule would make it more difficult to export some products and supply specific parts and services to select China-based customers without a license. The U.S. Depart ...