Applied Materials settles with BIS for US$252.5 million over SMIC shipments

Digitimes
Feb 11, 2026, 11:30 pm280 ptsTop
Applied Materials, a Santa Clara-based semiconductor equipment maker, has reached a US$252.5 million settlement with the US Department of Commerce's Bureau of Industry and Security (BIS) to resolve allegations of illegal exports to China. The penalty represents the second-highest civil fine ever imposed by the…

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