Applied Materials settles with the Commerce Department's BIS for $252.5 million

What the company reported

• On February 11, 2026, Applied Materials settled with the Commerce Department's Bureau of Industry and Security and agreed to pay $252.5 million in a one-time payment.
• The settlement resolves allegations that certain China customer shipments between November 2020 and July 2022 did not comply with export regulations.
• The Department of Justice and the SEC closed their inquiries, and neither agency took enforcement action.
• The company also agreed to conduct internal audits of its export controls compliance program and maintain training and reporting mechanisms.