Applied Materials receives subpoena from SEC on China shipments

By Thomson Reuters Feb 27, 2024 | 4:24 PM

(Reuters) – 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.

(Reporting by Harshita Mary Varghese; Editing by Pooja Desai)