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Applied Materials Pays $252 Million Penalty for Export Violations Involving SMIC
UnknownMar 3, 2026(15 days ago)
Applied Materials pays $252M penalty for unlawful reexports of semiconductor manufacturing equipment to Semiconductor Manufacturing International Corporation (SMIC) in China.
On February 11, 2026, Applied Materials, Inc. entered into a settlement agreement for a civil monetary penalty of over $252 million with the U.S. Department of Commerce, Bureau of Industry and Security (BIS) for 56 unlawful reexports of semiconductor manufacturing equipment (SME), valued at approximately $126 million, to Semiconductor Manufacturing International Corporation (SMIC) in China, a party on the BIS Entity List.... By: Fenwick & West LLP