Dec 3 (Reuters) - Chip equipment maker Applied Materials ( AMAT )

said on Tuesday it was not changing its outlook for the

first quarter in response to the U.S. government's latest

restrictions on semiconductor exports to China.

The decision was based on the company's "initial assessment

of the impact" of the new regulations, it added.

In its third crackdown in three years on China's

semiconductor industry, the U.S. on Monday announced new rules

tightening regulations on chip equipment makers and curbing

exports to 140 Chinese companies.

The move is one of the Joe Biden administration's last

large-scale efforts aimed at limiting China's ability to access

and produce chips that can help advance artificial intelligence

technologies for military applications, or otherwise threaten

U.S. national security.

Applied Materials ( AMAT ), which supplies chipmaking tools to

companies including Samsung Electronics ( SSNLF ), TSMC

and Intel ( INTC ), expects first-quarter revenue of

about $7.15 billion, plus or minus $400 million.

Adjusted profit per share is expected to be about $2.29 at

the midpoint of its forecast range.

Computer chip equipment maker ASML on Monday said

it did not expect the new restrictions to affect its most recent

financial guidance.