The U.S. Department of Commerce expanded its export blacklist Monday to include majority-owned subsidiaries of listed companies. Applied Materials said the new rule will make it harder to export certain products without a license. The $110 million represents less than 2% of the current $6.7 billion revenue guidance. Revenue PerformanceApplied Materials reported third-quarter revenue of $7.30 billion, up 8% year-over-year. The latest export restrictions add another layer of complexity to an already challenging environment for chip equipment manufacturers operating in China.