Applied Materials settles BIS export control probe for $252.5M; DOJ/SEC close inquiries without action

APPLIED MATERIALS INC /DE

Agreed to pay $252.5M to BIS to resolve allegations of non-compliant China customer shipments from Nov 2020 to July 2022.
DOJ and SEC have closed their related investigations without taking any enforcement action.
Company will conduct internal audits of export controls compliance and maintain training and reporting mechanisms.
Company states the issue stemmed from a misunderstanding of regulations; no admission of willful violation.
Settlement is one-time payment; company reaffirms commitment to export-control compliance globally.

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