Estimated Impact: U.S. Tariffs May Cost Chip Equipment Manufacturers Over $1 Billion

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.