Applied Materials fined $252 million for illegally exporting chipmaking equipment to China's SMIC via South Korea subsidiary, 2021-2022; violated Entity List restrictions tied to military concerns.

Applied Materials to pay $252 million over illegal exports to China

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 Purchase Licensing Rights, opens new tabWASHINGTON, Feb 11 (Reuters) - The U.S. Department of Commerce on Wednesday announced a $252 million settlement with Applied Materials (AMAT.O), opens new tab for illegally exporting chipmaking equipment to China's top chipmaker Semiconductor Manufacturing International Corp.In 2023, Reuters excl...