Applied Materials slides as new export control will hit sales to China

[Applied Materials campus in Silicon Valley]
Sundry Photography

* Applied Materials (NASDAQ:AMAT [https://seekingalpha.com/symbol/AMAT]) shares slid 3% in extended trading on Thursday after the semiconductor equipment company disclosed [https://seekingalpha.com/filing/10487899] that a new rule will further hurt its ability to export certain products to China-based customers.
* “On September 29, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security issued a new rule that expands the list of companies subject to U.S. export restrictions (the “BIS Affiliates Rule”),” Applied Materials said in a filing with the Securities and Exchange Commission.
* The chip equipment maker added that the new ruling is likely to reduce revenue in the fourth-quarter by $110M and roughly $600M in fiscal 2026.
* Last month, KeyBanc Capital said [https://seekingalpha.com/news/4497722-lam-research-gets-rating-cut-while-applied-materials-sees-bullish-views-at-keybanc] Applied Materials shares have lagged those of its competitors this year due to its exposure to China.

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