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Applied Materials receives subpoena from SEC on China shipments




By Reuters | Updated: February 28, 2024

Feb 27 (Reuters) – Semiconductor equipment supplier Applied Materials (AMAT.O), opens new tab received a subpoena from the U.S. Securities and Exchange Commission (SEC) in February, requesting information relating to certain China customer shipments, the company said in a filing on Tuesday.

It also received a subpoena from the U.S. Attorney’s Office for the District of Massachusetts, requesting information related to certain federal award applications this month.

Shares of the company were down 1.8% in extended trading.

A spokesperson for the U.S. Attorney in Boston declined comment.

© Thomson Reuters 2024