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Stock impact report

US Extends Investigation Into Chip-Gear Maker Applied Materials [BNN Bloomberg (Canada)]

Applied Materials, Inc. (AMAT) 
Last applied materials, inc. earnings: 2/12 04:01 pm Check Earnings Report
Company Research Source: BNN Bloomberg
The company said in a filing this week that it had received subpoenas in May from the Commerce Department's Bureau of Industry and Security. That followed earlier subpoenas from the agency in November of last year. “We are cooperating fully with the government in these matters,” Applied Materials said in the filing. “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.” The US government has placed restrictions on the types of chipmaking equipment that can be shipped to Chinese customers, aiming to prevent the country from acquiring cutting-edge capabilities that Washington has said would be a threat to national security. Applied Materials, based in Santa Clara, California, also has received requests from the US Attorney's Office for the District of Massachusetts dating back to 2022 and another inquiry from the Securities and Exchange Commission earlier this year. Show less Read more
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