Affected by the new regulations on export control of China to affect US application ma

Affected by the United States' new regulations on export control in China, the US Applied Materials Inc has been lowered to reduce the fourth fiscal quarter forecast, and it is expected that the impact will continue until the next fiscal season.

Comprehensive Bloomberg and Reuters reported that the application materials issued a announcement on Wednesday (12th) that the new regulations for US chip export control will reduce sales in the fourth fiscal quarter (as of October 30) by about 400 millionUSD (about S $ 574 million).The company's current expected revenue is about $ 6.4 billion, floating up and down 250 million US dollars, and the previous expectations are about $ 6.65 billion.

At the same time, the application materials have also lowered profit forecasts.After eliminating some subjects, the profit per share will be between $ 1.54 and $ 1.78, and the previous prediction will be $ 2.18.

Application materials stated in the announcement that in the prospects of profitability, it is due to decreased sales and inventory and production related to new export regulations.The company also predicts that these regulations will have a roughly the same impact on the sales of the first fiscal quarter of the new fiscal year.

The stock price of the application material has fallen by about 14%from last Thursday (6th). However, the latest release of performance early warning has not had much impact on investors, and there is no change in the end of Wednesday.

The regulations announced by the US Department of Commerce last Friday, from now on, the US export products must be permitted before the chip production facilities transported to China.In addition, from 20:00 on Tuesday, if the American company or personnel participate, suppliers cannot support, serve, and send non -American products to factories in China without a license.

According to Evercore ISI of the investment bank consulting company, the Chinese market accounts for about 29%of the total sales of application materials companies in 2021.

Application materials say that the new regulations will affect the sales and corresponding services of wafer manufacturing equipment and related parts and components, and reveal that the company is seeking more export licenses and authorization required.

The company also said that it recently received a subpoena from the prosecutor's office in Massachusetts, the United States, requesting information about customers related to its customers in China.