Core Viewpoint - Applied Materials' shares experienced a significant decline of over 7% in premarket trading due to warnings about stricter US export controls impacting spending in China next year [1] Company Summary - Applied Materials is a chip equipment manufacturer facing challenges from new US export regulations [1] - The company anticipates that these regulations will lead to reduced capital expenditures in China, a key market for its products [1] Industry Summary - The semiconductor equipment industry is likely to be affected by tightening export controls, which may hinder growth prospects in major markets like China [1] - Stricter regulations could lead to a slowdown in investment and spending within the semiconductor sector, impacting overall industry performance [1]