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    HomeNewsWorldApplied Materials receives subpoena from SEC on China shipments

    Applied Materials receives subpoena from SEC on China shipments

    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.

    Reuters
    February 28, 2024 / 07:53 IST
    Applied Materials receives subpoena from SEC on China shipments

    Semiconductor equipment supplier Applied Materials 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.

    Reuters
    first published: Feb 28, 2024 06:23 am

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