Semiconductor equipment maker Applied Materials (AMAT) on Monday terminated its planned acquisition of Japanese peer Kokusai Electric from global investment firm KKR. AMAT stock fell on Monday. [3/21]Santa Clara, Calif.-based Applied Materials had announced its intent to buy Kokusai for $2.2 billion in cash in July 2019. The purchase price later rose to $3.5 billion after Applied Materials negotiated a deadline extension. But the parties ultimately were unable to secure approval for the transaction from Chinese regulators. Applied Materials has agreed to pay KKR a deal termination fee of $154 million in cash.