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In 2019, Applied Materials announced its intention to buy semiconductor equipment manufacturer (and former [[Hitachi]] group member) [[Kokusai Electric]] Corporation from private equity firm [[Kohlberg Kravis Roberts|KKR]] for $2.2 billion, but terminated the deal in March 2021 citing delays in getting approval from China's regulator.[{{Cite web|url=https://asia.nikkei.com/Business/Business-deals/Exclusive-Applied-Materials-to-buy-KKR-s-Kokusai-Electric-for-2.2bn|title=Exclusive: Applied Materials to buy KKR's Kokusai Electric for $2.2bn|website=Nikkei Asian Review}}][{{Cite news | url=https://www.bloomberg.com/news/articles/2019-07-01/applied-materials-said-to-buy-kokusai-electric-for-2-3-billion |title = Applied Materials to Buy Kokusai from KKR for $2.2 Billion|newspaper = Bloomberg.com|date = 2020-01-10}}][{{cite news |url=https://www.reuters.com/article/us-kokusai-m-a-applied-materials/applied-materials-terminates-2-2-billion-deal-for-japans-kokusai-electric-idUSKBN2BL1I4 |title=Applied Materials terminates $2.2 billion deal for Japan's Kokusai Electric |date=29 March 2021 |work=[[Reuters]] |first=Chavi |last=Mehta}}] |
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In 2019, Applied Materials announced its intention to buy semiconductor equipment manufacturer (and former [[Hitachi]] group member) [[Kokusai Electric]] Corporation from private equity firm [[Kohlberg Kravis Roberts|KKR]] for $2.2 billion, but terminated the deal in March 2021 citing delays in getting approval from China's regulator.[{{Cite web|url=https://asia.nikkei.com/Business/Business-deals/Exclusive-Applied-Materials-to-buy-KKR-s-Kokusai-Electric-for-2.2bn|title=Exclusive: Applied Materials to buy KKR's Kokusai Electric for $2.2bn|website=Nikkei Asian Review}}][{{Cite news | url=https://www.bloomberg.com/news/articles/2019-07-01/applied-materials-said-to-buy-kokusai-electric-for-2-3-billion |title = Applied Materials to Buy Kokusai from KKR for $2.2 Billion|newspaper = Bloomberg.com|date = 2020-01-10}}][{{cite news |url=https://www.reuters.com/article/us-kokusai-m-a-applied-materials/applied-materials-terminates-2-2-billion-deal-for-japans-kokusai-electric-idUSKBN2BL1I4 |title=Applied Materials terminates $2.2 billion deal for Japan's Kokusai Electric |date=29 March 2021 |work=[[Reuters]] |first=Chavi |last=Mehta}}] |
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In November 2023, Applied Materials was reported to be under criminal investigation by the [[United States Department of Justice]] (DOJ) for routing equipment to [[Semiconductor Manufacturing International Corporation]] via South Korea in violation of [[United States sanctions against China|US sanctions]].[{{Cite news |last=Freifeld |first=Karen |date=2023-11-17 |title=Applied Materials under US criminal probe for shipments to China's SMIC-sources |language=en |work=[[Reuters]] |url=https://www.reuters.com/technology/applied-materials-under-us-criminal-probe-shipments-chinas-smic-sources-2023-11-16/ |access-date=2023-11-17}}] The company settled with the DOJ, paying a penalty of 252 million dollars in February 2026.[ https://www.reuters.com/world/china/applied-materials-pay-252-million-resolve-illegal-chip-exports-us-says-2026-02-12/] |
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In November 2023, Applied Materials was reported to be under criminal investigation by the [[United States Department of Justice]] (DOJ) for routing equipment to [[Semiconductor Manufacturing International Corporation]] via South Korea in violation of [[United States sanctions against China|US sanctions]].[{{Cite news |last=Freifeld |first=Karen |date=2023-11-17 |title=Applied Materials under US criminal probe for shipments to China's SMIC-sources |language=en |work=[[Reuters]] |url=https://www.reuters.com/technology/applied-materials-under-us-criminal-probe-shipments-chinas-smic-sources-2023-11-16/ |access-date=2023-11-17}}] The company settled with the DOJ, paying a penalty of 252 million dollars in February 2026.[ https://www.reuters.com/world/china/applied-materials-pay-252-million-resolve-illegal-chip-exports-us-says-2026-02-12/] The settlement was the largest of its kind to date. The US government recovered the largest fine possible, which is twice the value of the illegal transaction.[{{Cite news |date=2026-02-12 |title=Applied Materials to Pay $252 Million Penalty to BIS for Illegally Exporting Semiconductor Manufacturing Equipment |url=https://www.bis.gov/press-release/applied-materials-pay-252-million-penalty-bis-illegally-exporting-semiconductor-manufacturing-equipment}}] |
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On August 15, 2025, Applied Materials shares tumbled 12% after issuing weak sales and profit forecasts, with U.S.-China trade tensions weighing heavily on demand and visibility.[{{Cite news |date=August 15, 2025 |title=Applied Materials' shares sink on weak China demand, tariff uncertainty |url=https://www.reuters.com/world/china/applied-materials-shares-sink-weak-china-demand-tariff-uncertainty-2025-08-15/}}] |
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On August 15, 2025, Applied Materials shares tumbled 12% after issuing weak sales and profit forecasts, with U.S.-China trade tensions weighing heavily on demand and visibility.[{{Cite news |date=August 15, 2025 |title=Applied Materials' shares sink on weak China demand, tariff uncertainty |url=https://www.reuters.com/world/china/applied-materials-shares-sink-weak-china-demand-tariff-uncertainty-2025-08-15/}}] |
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