Applied Materials Reaches Resolution with the U.S. Department of Commerce

Core Viewpoint - Applied Materials, Inc. has reached a settlement with the U.S. Department of Commerce regarding allegations of non-compliance with export regulations related to shipments to China, agreeing to pay $252.5 million [1][2]. Group 1: Settlement Details - The settlement resolves allegations that certain customer shipments to China between November 2020 and July 2022 did not comply with U.S. Export Administration Regulations due to a misunderstanding by the company [1]. - The U.S. Department of Justice and the SEC have closed their investigations related to this matter without taking any action against the company [1][2]. - The company believes that resolving this issue is in the best interest of its customers, employees, and shareholders [2]. Group 2: Compliance and Future Focus - Integrity and compliance are emphasized as core values of the company, which remains committed to strong export-control and trade-compliance practices globally [2]. - With the resolution of this matter, the company is focused on executing its technology roadmap and supporting the demand for next-generation semiconductor innovation [2][4]. Group 3: Company Overview - Applied Materials, Inc. is a leader in materials engineering solutions essential for semiconductor and advanced display technologies, playing a crucial role in advancing AI and next-generation chip commercialization [4].