Security News
BIS Imposes Record Penalty on Applied Materials, Rejects Customs’ Substantial Transformation Test, but Offers No Clear Standard for Foreign-Origin Determinations
UnknownFeb 27, 2026(about 1 month ago)
The US Department of Commerce’s Bureau of Industry and Security (BIS) announced a settlement agreement and $252 million civil penalty against Applied Materials Inc.
On February 11, the US Department of Commerce’s Bureau of Industry and Security (BIS) announced a settlement agreement and $252 million civil penalty against California-based Applied Materials Inc. and its subsidiary Applied Materials Korea, Ltd.... By: ArentFox Schiff