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A tale (from 8) The use of export controls or sanctions
by the U.S. or other countries is certainly
Fremont, Calif. It reported 2022 revenue nothing new. And, as the U.S. has found,
of $17.23 billion, compared to 2021 rev- sometimes they work and sometimes they
enue of $14.63 billion. Some 30% of its backfi re.
revenue comes from China.
Tariff s and other controls
Revenue loss predicted During the Trump administration, the U.S.
Reuters reported on October 19, that Lam began a heavy tariff on imported solar
Research predicted it would take a $2-$2.5 modules from China as well as other coun-
billion hit next year as a result of the new tries, including S. Korea and Mexico.
Biden sanctions. Lam produces machines
for deposition, etching, reticles, stripping On Dec. 3, 2019, the Solar Energy Indus-
and cleaning. tries Association said that tariff s on solar
cells and modules have led to the loss of
Sweeping controls more than 62,000 U.S. jobs and $19 bil-
Although the export controls are sweeping, lion in new private sector investment.
generally only advanced tools will be pro-
hibited for sale to China. Under the new “Solar was the fi rst industry to be hit with
regulations, certain advanced U.S.-made this administration’s tariff policy, and now
semiconductors are prohibited for use in we’re feeling the impacts that we warned
equipment sold to China. next page

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