(Reuters) -Applied Materials said on Thursday it expects spending on chipmaking equipment in China to fall in 2026 as tighter U.S. export controls limit its market access, with overall revenue projected to be stronger in the second half of the year. While tighter U.S. export curbs are expected to dampen demand, strong memory output tied to surging AI investments is likely to help partially offset the impact. Shares fell more than 4% in after-hours trading. Last month, the company forecast a $600 million hit to fiscal 2026 revenue following the U.S. expansion of export restrictions, which complicates shipments of certain products and services to China-based customers. The company said about $110 million worth of products were not shipped in the fourth quarter due to an affiliate rule that w

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