US ban on China chip exports rebounds, causes 2,700 American job losses
The Biden administration's policy of restricting Chinese chip makers from accessing vital manufacturing equipment has caused damage at home, with California-based wafer fabrication equipment supplier Lam Research announcing it would layoff 1,300 employees, or about seven percent of its global workforce, as the company prepares for billions in lost revenues during the 2023 fiscal year.
Lam Research is one of just a handful of companies that sells equipment used in the production of semiconductors, particularly those used to manufacture NAND flash and DRAM memory. Lam CEO Tim Archer announced the layoffs during the company's second-quarter 2023 earnings call Wednesday citing slowing wafer demand and the most recent bout of"As a result of macro-economic headwinds, recent trade restrictions limiting our ability to do business in China, and an anticipated decline in global wafer fabrication equipment spending in calendar year 2023, we are taking a range of actions across our business to manage costs," a company spokesperson toldApproximately...
A rapidly deteriorating NAND and DRAM memory market isn't helping — the manufacturing equipment for such silicon accounts for roughly 50 percent of Lam's annual revenues. In addition to laying off 1,300 full time workers, the company also plans to let go of 1,400 temporary workers over the next two quarters.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SK hynix debuts 'world's fastest mobile DRAM'SK hynix debuts 'world's fastest mobile DRAM', predicts it will move to power AI/ML and AR/VR
Weiterlesen »
Julian Sands: California authorities say no trace of actor foundThe British actor went missing 12 days ago during a hike in mountains near Los Angeles.
Weiterlesen »
Celebrities react as powerful earthquake strikes CaliforniaJosh Gad and Chance The Rapper were among the celebrities woken up by a powerful earthquake that hit California this morning.
Weiterlesen »
Two earthquakes in a minute rock CaliforniaBREAKING: Powerful earthquake off the coast of Malibu Beach rocks California.
Weiterlesen »
Julian Sands: Brother of missing actor has said his goodbyes'I have come to terms with the fact he's gone and for me that's how I've dealt with it' Brother of missing actor Julian Sands says he has said his goodbyes
Weiterlesen »
Julian Sands: New air search for actor missing in CaliforniaA helicopter fitted with a device which can detect reflective material and even credit cards is being used.
Weiterlesen »