United States $290 Billion Supplies Giant Applied Materials to Pay $252.2 Million in Settlement to United States Government for Illegal Shipments to China from 2020 to 2022
13th February 2026 | Hong Kong
United States supplies giant Applied Materials ($290 billion market value) has agreed to pay $252.2 million in settlement to the United States government for illegal shipments to China from 2020 to 2022. Announcement (11/2/26): “Applied Materials, Inc. today announced that it has reached a settlement agreement with the U.S. Department of Commerce, Bureau of Industry and Security (BIS). The settlement resolves BIS’s allegations that certain customer shipments to China between Nov. 2020 and July 2022 did not comply with the U.S. Export Administration Regulations, based on the company’s misunderstanding of the applicability of those regulations. Under the terms of the settlement, Applied has agreed to pay $252.5 million to the Department of Commerce. In addition, the U.S. Department of Justice and the U.S. Securities and Exchange Commission (SEC) have notified Applied that they have closed their related investigations without action. Applied Materials is pleased that the Department of Justice and SEC have closed their respective reviews, and that a civil settlement has been reached with the Department of Commerce, concluding the U.S. government’s review. Applied believes that resolving this matter is in the best interest of the company, its customers, employees and shareholders. Integrity and compliance are core to how Applied operates, and the company remains fully committed to maintaining strong export-control and trade-compliance practices across its global operations. With this matter closed, Applied is focused on executing our technology roadmap and supporting the accelerating demand for next-generation semiconductor innovation.” Applied Materials – Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world.
“ United States $290 Billion Supplies Giant Applied Materials to Pay $252.2 Million in Settlement to United States Government for Illegal Shipments to China from 2020 to 2022 “
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United States $290 Billion Supplies Giant Applied Materials to Pay $252.2 Million in Settlement to United States Government for Illegal Shipments to China from 2020 to 2022
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