Applied Materials to Pay $252.5 Million to Settle US Probe
A technician at the Applied Materials Inc. facility in Santa Clara, California, US.
Photographer: David Paul Morris/BloombergApplied Materials Inc. will pay $252.5 million to settle a US Commerce Department investigation into improper exports to China, ending a yearslong saga for the largest American supplier of chipmaking machinery.
The agreement resolves allegations by the Commerce Department’s Bureau of Industry and Security that certain shipments to China between November 2020 and July 2022 didn’t comply with export regulations, the company said in a statement Wednesday.