Friday, 24 March, 2023

Lam Research says that U.S. Export Restrictions to China Might Result in $2.5 Billion Revenue Loss

<p>The U.S. putting restrictions on shipping of high-end technology to China in 2023 will cost $2 billion to $2.5 billion in lost income, according to chip-making tech vendor Lam Research Corp. According to administration&#39;s policies, American businesses must stop providing unlicensed equipment to Chinese chipmakers. The most recent company to warn about an impact from the sales restrictions is Lam Research, which receives 30% of its revenue from China.</p>