According to industry insiders, U.S. tariffs could cost chip equipment manufacturers more than $1 billion

According to industry insiders, the new tariffs imposed by U.S. President Trump could result in annual losses of over $1 billion for American semiconductor equipment manufacturers. Major chip equipment manufacturers Applied Materials, Lam Research, and KLA could each face losses of about $350 million, while smaller competitor Onto Innovation may also incur tens of millions of dollars in additional expenses. These losses primarily stem from missed opportunities to sell equipment to overseas competitors and compliance costs