financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
Applied Materials Receives Subpoena for Information on US Grant Applications
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Applied Materials Receives Subpoena for Information on US Grant Applications
Aug 29, 2024 2:03 AM

03:18 PM EDT, 08/26/2024 (MT Newswires) -- Applied Materials ( AMAT ) said it has received subpoena from the US Department of Justice seeking information on its applications for federal grants and that it is fully cooperating in such matter.

In a regulatory filing on Thursday, the semiconductor chipmaker said the DOJ request also includes information that it submitted to the federal government.

The company's application for grant for a $4 billion research and development facility in California under the US Chips and Science Act has reportedly been rejected by the government.

The matter was reported earlier by Bloomberg News.

The company's shares were down more than 2% in recent trading.

Price: 197.56, Change: -5.11, Percent Change: -2.52

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This bank will cut bonus if employees don't come back to work
This bank will cut bonus if employees don't come back to work
Nov 22, 2023
ANZ managers have informed their respective teams about the new policy this week in generic emails, reaffirming the bank's expectation that staff devote at least half their working hours in the office each month, afr.com reported.
 Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28
Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28
Oct 23, 2023
Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.
 Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues
Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues
Oct 23, 2023
The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.
 IMF warns Europe against prematurely declaring victory over inflation
IMF warns Europe against prematurely declaring victory over inflation
Nov 8, 2023
The Washington-based IMF said that cost of underestimating inflation’s persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved