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U.S. review ends over China shipments as Applied Materials pays $252.5M
Applied Materials (NASDAQ: AMAT) has reached a civil settlement with the U.S. Department of Commerce, agreeing to pay $252.5 million to resolve allegations regarding certain shipments to China between November 2020 and July 2022. The Department of Justice and SEC have closed their related investigations without taking action. This resolution concludes the U.S. government’s review, allowing Applied Materials to focus on its technology roadmap and export-control compliance.