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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.