Applied Materials to pay $252 million over illegal exports to China
Yahoo Finance·2026-02-12 01:30By Karen Freifeld and Jasper Ward WASHINGTON, Feb 11 (Reuters) - The U.S. Department of Commerce on Wednesday announced a $252 million settlement with Applied Materials for illegally exporting chipmaking equipment to China's top chipmaker Semiconductor Manufacturing International Corp. In 2023, Reuters exclusively reported that Applied Materials was under U.S. criminal investigation for producing semiconductor equipment in Massachusetts, then shipping the equipment to a subsidiary in South Korea, befo ...