TECH - Taiwan Semi Supplier Applied Materials Under Scrutiny Gets Subpoenas For Potential Violation Of Export Restrictions to China | Benzinga
The U.S.-China geopolitical tensions gained traction, with Applied Materials Inc (NASDAQ:AMAT) receiving another subpoena from the U.S. Department of Commerce in May seeking more information on China shipments.
The Taiwan Semiconductor Manufacturing Co (NYSE:TSM) supplier received an SEC subpoena and two from the U.S. Attorney’s Office for the District of Massachusetts, Reuters reports.
In November 2023, the Commerce Department sent a subpoena seeking information relating to specific China customer shipments.
Applied Materials is under ...