Geopolitical RisksPotential restrictions on chips making equipment to China expand from advanced node to the trailing node and hamper the equipment sales in China.
Market UncertaintyThere is also an element of the under-utilization in NAND causing some questions about near term supply/demand balance, leading to a mixed near term picture.
Revenue ImpactLam expects China revenue to decline to approximately 30% in the December quarter, implying a significant quarter-over-quarter drop.