28.02.2024 11:12:44 - dpa-AFX: Applied Materials Receives Subpoena From Govt. Authorities On Chinese Consignments
SANTA CLARA (dpa-AFX) - Applied Materials, Inc. (AMAT), a provider of
equipment and software for semiconductor chips makers, has received a subpoena
from the U.S. Securities and Exchange Commission or SEC in February, which
sought information on certain China customer shipments, the company said in a
filing.
The U.S. Attorney's Office for the District of Massachusetts has also sought
information from Applied Materials related to certain federal award
applications.
Commenting on the matter, the company said: 'We are cooperating fully with the
government in these matters. These matters are subject to uncertainties, and we
cannot predict the outcome, nor reasonably estimate a range of loss or
penalties, if any, relating to these matters.'
Earlier too, Applied Materials received subpoenas from the authorities related
to China shipments. In November 2023, the company received a subpoena from the
U.S. Commerce Department's Bureau of Industry and Security.
AMAT was trading down by 3.38 percent at $196 per share in the pre-market trade
on the Nasdaq.
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