Core Viewpoint - Applied Materials Inc. anticipates a significant revenue loss due to expanded export restrictions to China, estimating a $600 million impact in fiscal 2026 [1]. Group 1: Company Impact - The new export rules issued by the US Commerce Department widen the range of companies affected by restrictions, directly impacting Applied Materials [1]. - The company's shares fell by 3.4% to $216.05 following the announcement, despite a 37% increase in share price for the year up to that point [2]. Group 2: Industry Context - The semiconductor industry, including Applied Materials, is facing stricter regulations aimed at limiting China's ability to develop its domestic chip supply, driven by national security concerns from successive US administrations [3]. - The recent rule, published on September 29, aims to prevent sanctioned companies from using affiliates to access restricted US goods, applying the same restrictions to subsidiaries that are at least 50% owned by blacklisted companies [4].