Applied Materials receives new subpoenas on China shipments

A federal investigation into semiconductor equipment supplier Applied Materials involving China shipments has widened to other U.S. agencies, including the Securities and Exchange Commission, according to a company filing on Tuesday.

The filing said the company had received an SEC subpoena and another subpoena related to China shipments from the U.S. Attorney’s Office for the District of Massachusetts in February. In November 2023 the Commerce Department also sent a subpoena “relating to certain China customer shipments”.