Applied Materials Inc. has reached a settlement with the U.S. Department of Commerce’s Bureau of Industry and Security, resolving allegations related to non-compliance with U.S. Export Administration Regulations for certain shipments to China between November 2020 and July 2022. The company agreed to pay $252.5 million as part of the settlement. Related investigations by the Department of Justice and the Securities and Exchange Commission have been closed without further action. Applied Materials stated it remains committed to strong export-control and trade-compliance practices.

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