Applied Materials faces SEC inquiry over China customer shipments

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. Reuters