logo
Chip tools maker Applied Materials hits China rough patch

Chip tools maker Applied Materials hits China rough patch

Nikkei Asia8 hours ago
Applied Materials forecasts a drop in revenue this quarter, citing uncertainty in its China operations. (Photo by Kosuke Shimizu)
KOSUKE SHIMIZU
August 16, 2025 06:52 JST
PALO ALTO, California -- Applied Materials, the top U.S. supplier of chipmaking tools, is under pressure in the crucial Chinese market as Washington's export restrictions hurt its access and spur the rise of homegrown players.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Australia pushes for ban on card surcharges
Australia pushes for ban on card surcharges

Nikkei Asia

time8 minutes ago

  • Nikkei Asia

Australia pushes for ban on card surcharges

Retail Banks, retailers oppose proposal to end fees on consumers totaling $781m yearly Australia's central bank has proposed banning surcharges on card transactions. Cashless payments account for 76% of all retail transactions there. (Photo by Rurika Imahashi) RURIKA IMAHASHI August 16, 2025 15:01 JST SYDNEY -- Australia is debating a ban on credit and debit card transaction fees, which cost the country's consumers 1.2 billion Australian dollars ($781 million) annually.

Trump says no imminent plans to penalize China for buying Russian oil
Trump says no imminent plans to penalize China for buying Russian oil

Nikkei Asia

time2 hours ago

  • Nikkei Asia

Trump says no imminent plans to penalize China for buying Russian oil

A vessel owned by Russia's leading tanker group, Sovcomflot, transits through Turkey in April 2024. China and India are the top two buyers of Russian oil. © Reuters August 16, 2025 13:37 JST WASHINGTON (Reuters) -- U.S. President Donald Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to "in two or three weeks." Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves are made to end the war in Ukraine. China and India are the top two buyers of Russian oil. The president last week imposed an additional 25% tariff on Indian goods, citing its continued imports of Russian oil. However, Trump has not taken similar action against China. He was asked by Fox News' Sean Hannity if he was now considering such action against Beijing after he and Russian President Vladimir Putin failed to produce an agreement to resolve or pause Moscow's war in Ukraine. "Well, because of what happened today, I think I don't have to think about that," Trump said after his summit with Putin in Alaska. "Now, I may have to think about it in two weeks or three weeks or something, but we don't have to think about that right now. I think, you know, the meeting went very well." Chinese President Xi Jinping's slowing economy will suffer if Trump follows through on a promise to ramp up Russia-related sanctions and tariffs. Xi and Trump are working on a trade deal that could lower tensions -- and import taxes -- between the world's two biggest economies. But China could be the biggest remaining target, outside of Russia, if Trump ramps up punitive measures.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store