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Applied Materials has agreed to a $252.5 million one-time settlement with the U.S. Bureau of Industry and Security…

AMATApplied Materials Inc

Applied Materials has agreed to a $252.5 million one-time settlement with the U.S. Bureau of Industry and Security (BIS) to resolve an inquiry regarding export control compliance and shipments to China. The company will also implement enhanced internal audits and compliance training as part of the agreement. This settlement, alongside the closure of separate DOJ and SEC inquiries, resolves a significant regulatory overhang for the company.

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