In a filing with the regulatory, Applied Materials Inc. (AMAT) disclosed that it has learned that the Seoul Prosecutor's Office for the Eastern District in Korea has indicted and/or arrested employees of several companies in connection with criminal investigation into the alleged improper receipt and use of a customer's confidential information.
Applied said that the people indicted and/or arrested include the former head of Applied Materials Korea or AMK, who currently serves as a vice president of the company, and certain other AMK employees.
Earlier, there were reports that two employees of Applied had stolen Samsung Electronics Co. Ltd's (SSNLF.PK, SSNNF.PK) process technology details and passed it to Hynix Semiconductor Inc.
Applied said it believes that there are meritorious defenses to the charges and is taking appropriate measures to address this matter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.