Overview

• Applied Materials said the restrictions will also reduce its current fourth-quarter revenue by about $110 million.
• The company warned it will be harder to ship some tools and to provide specific parts and services to certain China-based customers without a license.
• Shares fell about 3% in after-hours trading following the disclosure of the expected revenue impact.
• The Commerce Department widened its restricted export list to cover majority-owned subsidiaries of listed entities, a change that analysts say will expand licensing needs and disrupt supply chains.
• Applied Materials, the largest maker of wafer fabrication equipment, recently reported third-quarter revenue of $7.30 billion, highlighting its exposure to a market where sales have been under pressure.