US Imposes $250M Fine on Applied Materials for Illegal Semiconductor Exports to SMIC via South Korea
SEMICONDUCTOR
The US Department of Commerce's BIS fined Applied Materials $250 million for violating export controls by illegally exporting semiconductor equipment to China's SMIC through its South Korean subsidiary. This penalty follows 56 violations related to the transshipment of equipment valued at $126 million without necessary approvals. The BIS confirmed that Applied Materials has implemented a compliance monitoring program and terminated employees responsible for the violations.
Feb 13, 2026, 3:24 PM
