Applied Materials to pay $252 million to resolve illegal chip exports, US says
- - Applied Materials to pay $252 million to resolve illegal chip exports, US says
ReutersFebruary 12, 2026 at 2:30 AM
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A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration
WASHINGTON, Feb 11 (Reuters) - The U.S. Department of Commerce on Wednesday announced a $252 million settlement with Applied Materials to resolve the company's alleged illegal exports of U.S. semiconductor manufacturing equipment to China.
(Reporting by Ismail Shakil and Jasper Ward; Editing by Muralikumar Anantharaman)
Source: “AOL Breaking”
