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Applied Materials Settles $252 Million Export Violation Case with U.S. Over China Shipments
Applied Materials Settles $252 Million Export Violation Case with U.S. Over China Shipments
22
3
BTCCSquare news:
Applied Materials has agreed to pay $252 million to resolve allegations of illegally exporting semiconductor manufacturing equipment to China's SMIC. The shipments, valued at $126 million, bypassed U.S. export controls through a South Korean subsidiary.
The Commerce Department's penalty represents twice the transaction value—the maximum allowable under regulations. SMIC's inclusion on the U.S. Entity List in 2020 had already restricted such exports due to military ties.
Ion implanters, the equipment at issue, play a critical role in chip fabrication by modifying silicon wafers. The settlement closes investigations by both the Justice Department and SEC without further action.
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