U.S. semiconductor equipment makers could face over $1 billion in annual losses from President Donald Trump's new tariffs, according to Yahoo Finance. Applied Materials, Lam Research, and KLA may each see around $350 million in lost revenue and higher costs. At the same time, smaller players like Onto Innovation anticipate tens of millions in added expenses. The estimates include lost overseas sales, supplier shifts, and compliance burdens. The tariffs follow years of export controls under the Biden administration and come amid Trump’s efforts to increase domestic chip manufacturing.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. semiconductor equipment makers could face over $1 million in annual losses
00:06front of Donald Trump's new tariffs.
00:08And according to Yahoo Finance, Applied Materials, LAM Research, and KLA
00:12may each see around $350 million in lost revenue and higher costs,
00:16while smaller players like OnToInnovation also anticipate tens of millions in added expenses.
00:22The estimates include lost overseas sales, supplier shifts, and compliance firms.
00:26The tariffs filed years of export controls under the Biden administration
00:30and come bid Trump's efforts to increase domestic chip manufacturing.
00:34For all things money, visit Benzinga.com slash GSTV.