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Applied Materials to lay off 4% of workforce to simplify operations

Applied Materials to lay off 4% of workforce to simplify operations

Applied Materials will cut about 4% of its workforce, or roughly 1,400 jobs, to streamline operations, the chip equipment maker said on Thursday as tighter U.S. export controls on semiconductors weigh on its business. The company, one of the largest U.S. makers of semiconductor manufacturing equipment, will take a charge of $160 million to $180 [...]

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