#AppliedMaterials agrees to pay $252M to settle US allegations of #illegal #chipequipment #exports to #China's #SMIC. The Commerce Department announced the settlement, highlighting continued US enforcement of technology transfer restrictions to China amid escalating tensions over semiconductor dominance. https://www.reuters.com/world/china/applied-materials-pay-252-million-resolve-illegal-chip-exports-us-says-2026-02-12/?eicker.news #China #Tech #ChinaTech #Technews