By Nick Turner, Bloomberg

Applied Materials Inc., the largest US producer of chipmaking equipment, plans to cut 4% of its global workforce as it copes with a sales slowdown and trade turmoil.

The company will eliminate the jobs to position it “as a more competitive and productive organization,” according to a regulatory filing on Thursday. Applied Materials had 36,100 employees as of the end of July, suggesting that the cuts could affect more than 1,400 workers.

Earlier this month, Applied Materials said an expansion of US export curbs to China would cost the company $600 million in lost revenue in fiscal 2026, which runs through next October. Applied Materials and its peers have faced increasingly strict rules governing their ability to supply and support customers in China. The clampd

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