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According to industry calculations discussed with Washington officials and lawmakers last week, U.S. President Trump's new tariffs could cause American semiconductor equipment manufacturers to lose more than $1 billion annually. The top three U.S. chip equipment manufacturers—Applied Materials (AMAT.O), Lam Research (LRXC.O), and KLA Corporation (KLAC.O)—could face approximately $350 million in losses due to tariffs within a year. Smaller competitors like Onto Innovation may also incur tens of millions of dollars in additional expenses.

Former U.S. President Biden stated that in less than 100 days, the new administration has already caused significant damage. They have made drastic cuts to the Social Security Administration, laying off up to 7,000 people, including many experienced professionals. Further layoffs are expected in the future, leading to frequent website crashes and severely impacting public access to accounts.