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HomeTechApplied Materials receives subpoena from SEC on China shipments

Applied Materials receives subpoena from SEC on China shipments

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(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)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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