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American chip tool maker Lam Research said it sees no major impact from the new U.S. export restrictions as China remains its largest revenue contributor, with 48% of the total sales in the three months ended September 24.
Western tech companies are trying to protect their hard-won Chinese markets and can’t resist China’s chip market
Chipmaking tool firms expect boom in China sales despite export rules
The US global chip equipment giant Lam Research has begun to lay off staff in China as a result of the US export control measures
Lam Research forecast that the revenue from China will be $2 billion to $2.5 billion lower in 2023
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