Applied Materials became the first U.S. semiconductor company to put a dollar figure to the perceived impact. Register now for FREE unlimited access to Reuters.com RegisterChina accounted for 29% of Applied Materials' total sales in 2021, according to Evercore ISI analyst C.J. Applied Materials said the restrictions would reduce its fourth-quarter net sales by about $400 million, plus or minus $150 million. Adjusted profit is expected to be $1.54 to $1.78 per share, down from an earlier forecast of $1.82 to $2.18. Applied Materials' warning comes as the global chip industry already faces major headwinds from tumbling demand post-COVID in computers, smartphones and other electronic devices.

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