European Investor
12 Feb 2026, 23:29
Applied Materials, Inc. announced it has reached a settlement with the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) regarding alleged violations of U.S. Export Administration Regulations tied to certain shipments to China between November 2020 and July 2022.
Under the agreement, Applied will pay $252.5 million to the Department of Commerce. The company said the matter stemmed from a misunderstanding of the regulations’ applicability.
Separately, the U.S. Department of Justice and the U.S. Securities and Exchange Commission have closed their related investigations without taking action.
Applied stated that resolving the issue is in the best interest of stakeholders and reaffirmed its commitment to export-control and trade-compliance practices.
Source: Globe Newswire
Under the agreement, Applied will pay $252.5 million to the Department of Commerce. The company said the matter stemmed from a misunderstanding of the regulations’ applicability.
Separately, the U.S. Department of Justice and the U.S. Securities and Exchange Commission have closed their related investigations without taking action.
Applied stated that resolving the issue is in the best interest of stakeholders and reaffirmed its commitment to export-control and trade-compliance practices.
Source: Globe Newswire