Thursday, 12 February, 2026
Applied Materials Agrees to $252 Million Fine Over Illegal Exports to China
Semiconductor equipment giant Applied Materials will pay $252 million to settle allegations of violating U.S. export controls by shipping sensitive technology to China. The settlement follows investigations into the company’s circumvention of trade restrictions designed to protect national security. This significant penalty highlights the intensifying regulatory scrutiny on the global chip supply chain.
Read full story at Economic Times