Benzinga
Published Nov 17, 2023 13:39
Updated Nov 17, 2023 14:40
Lam Research, ASML Lead Surge In Revenue From China Despite US Trade Curbs
Benzinga - by Anusuya Lahiri, Benzinga Editor.
Leading chipmaking equipment manufacturers are experiencing a surge in revenue from China as the country stockpiles equipment to counter U.S. trade restrictions on advanced semiconductors.
In the most recent quarter, significant chip suppliers of fabrication machinery obtained more than 40% of their revenue from Chinese customers.
Also, the recent tightening of U.S. export restrictions on advanced chip technology has not yet resulted in reduced sales to China for equipment manufacturers. It may have accelerated orders.
Also Read: Nvidia Likely to Outperform in Data Center and Gaming Segments: Goldman Sachs Analyst
Furthermore, a U.S. criminal investigation into Applied Materials for alleged violations of export restrictions to China. The case has caused concerns in the industry, affecting the company's stock and its peers, including KLA Corp (NASDAQ: KLAC) and Lam.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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