Applied Material Fined $252 Million for Export Control Mishap California-based Applied Materials and its Korean subsidiary will pay $252 million to settle charges of illegally exporting semiconductor manufacturing equipment to China’s top chip maker. The financial penalty is the second highest the Bureau of Industry and Security has imposed for an export control violation and the first enforcement action in 2026. Applied Materials U.S. and Applied Materials Korea made 56 illegal shipments valued...
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