Gary Dickerson, CEO of Applied Materials, pointed out to investors they might assemble their equipment in Singapore to evade fallout from U.S. sanctions. China is the largest purchaser of chip gear today and has committed over US$100 billion to chipmaking. The world #1 foundry, TSMC, doesn't want to lose orders from Huawei, which buys about $5 billion each year. I'm sure it would prefer that Applied sells it Singapore gear. TSMC needs more flexibility to respond to whatever comes next from the U.S.
Dickerson is confident the U.S. rules will have "minimal impact on our business." His CFO, Dan Durn, added, "We think there's a path forward on this based on our discussions with the ecosystem where it doesn't impact our expectations around the business."
Sensible businessmen from Europe to California are finding ways to protect their businesses from current and possible future U.S. restrictions.