Applied Materials to pay $252 million to resolve illegal chip exports, US says
Reuters
Feb 12
Applied Materials to pay $252 million to resolve illegal chip exports, US says
WASHINGTON, Feb 11 (Reuters) - The U.S. Department of Commerce on Wednesday announced a $252 million settlement with Applied Materials AMAT.O to resolve the company's alleged illegal exports of U.S. semiconductor manufacturing equipment to China.
(Reporting by Ismail Shakil and Jasper Ward; Editing by Muralikumar Anantharaman)
((Jasper.Ward@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.