Applied Materials to cut more than 1,400 jobs after sales slow
Applied Materials will cut 4% of its global workforce—over 1,400 jobs—to boost competitiveness amid a sales slowdown and expanding US export curbs to China.
US doesn't want Samsung, SK Hynix making memories in China
The US Commerce Department revoked Samsung and SK Hynix's VEU status, requiring export licenses within 120 days to continue supplying Chinese operations.