According to @business, Applied Materials said the expanded US export curbs to China will further cut its revenue, signaling additional top-line pressure from China-facing restrictions on chipmaking tools. Source: Bloomberg @business tweet on Oct 2, 2025, bloomberg.com/news/articles/2025-10-02/applied-materials-warns-of-sales-hit-from-latest-curbs-on-china The latest update aligns with prior US Bureau of Industry and Security actions that tightened controls on advanced-node semiconductor manufacturing items in October 2023, reinforcing ongoing headwinds for China-related sales of US chip equipment. Source: U.S. Department of Commerce, Bureau of Industry and Security, Oct 17, 2023 semiconductor export controls update Historically, US-listed chip-equipment peers such as Lam Research and KLA fell on headlines of expanded China curbs in October 2023, underscoring sector sensitivity to policy changes. Source: Reuters, Oct 17–18, 2023 coverage of chip equipment stocks’ decline on new China export restrictions For crypto traders, equity risk spillovers matter because Bitcoin’s correlation with US equities rose markedly during 2020–2021, making macro tech policy shocks relevant for BTC and ETH sentiment monitoring. Source: International Monetary Fund blog, Jan 11, 2022, Crypto Prices Move More in Sync With Stocks, imf.org