"US Chip Equipment Makers See 40% Sales Spike in China Despite Export Restrictions, Fuelling China's Domestic Chip Industry Growth"

U.S. chip equipment makers rely on China for 40% of sales

China accounted for 43% of Applied Materials' sales for the February-April period this year. © Getty Images PALO ALTO, California -- U.S. chipmaking equipment manufacturers have become more dependent on the Chinese market despite Washington's export restrictions on advanced products as they boost shipments of machinery used to make legacy chips.China accounted for 43% of sales at Applied Materials in the February-April period, up 22 points on the year. China's share of sales at Lam R...