maticulous
Costs related to the industry were addressed during a meeting in Washington attended by officials and members of Congress, according to two sources of the agency.
As per the sources, the largest firms manufacturing chip production equipment - Applied Materials, Lam Research, and KLA - could face losses of approximately $350 million from import tariffs. Lesser rivals, like Onto Innovation, will face extra expenses from tariffs amounting to tens of millions of dollars. The businesses need thousands of specific components for manufacturing.
Applied did not reply to the agency's request for a statement; KLA and Lam chose not to provide comments.
Manufacturers of semiconductor equipment have incurred losses amounting to billions of dollars following the series of export restrictions to China imposed by U.S. President Joe Biden. According to the agency, U.S. export restrictions have prompted China to invest in its local chip industry.
source: reuters.com
As per the sources, the largest firms manufacturing chip production equipment - Applied Materials, Lam Research, and KLA - could face losses of approximately $350 million from import tariffs. Lesser rivals, like Onto Innovation, will face extra expenses from tariffs amounting to tens of millions of dollars. The businesses need thousands of specific components for manufacturing.
Applied did not reply to the agency's request for a statement; KLA and Lam chose not to provide comments.
Manufacturers of semiconductor equipment have incurred losses amounting to billions of dollars following the series of export restrictions to China imposed by U.S. President Joe Biden. According to the agency, U.S. export restrictions have prompted China to invest in its local chip industry.
source: reuters.com
