US chipmaker Applied Materials’ fourth-quarter forecast fell short of expectations, citing weak demand in China and export-license woes. The company’s shares plummeted 13% as investors anticipated lower revenue and profit growth amid a surge in tariffs. Amid China’s tight export controls on advanced semiconductor manufacturing equipment, companies like Applied are delaying new orders to absorb existing capacity for older-generation chips.
Source: https://www.reuters.com/business/applied-materials-forecast-hit-by-china-pause-exportlicense-woes-shares-down-13-2025-08-14