May 23 (Reuters) - Applied Materials ( AMAT ) disclosed
on Thursday that it received another subpoena from the U.S.
Department of Commerce in May, as regulators request more
information on shipments to China.
The largest U.S. semiconductor equipment maker received an
SEC subpoena and two from the U.S. Attorney's Office for the
District of Massachusetts. In November 2023 the Commerce
Department sent a subpoena "requesting information relating to
certain China customer shipments."
Applied Materials ( AMAT ) is under U.S. criminal investigation for
potentially evading export restrictions on China's top
chipmaker, Semiconductor Manufacturing International Corporation
(SMIC), three people familiar with the matter said in a Reuters
report in November.
Applied Materials ( AMAT ), which supplies chipmaking tools to
Samsung Electronics ( SSNLF ) and Taiwan Semiconductor
Manufacturing Co ( TSM ), reported that 43% of its total
revenue came from China in the second quarter.
Applied Materials ( AMAT ) is being probed by the Justice Department
for sending equipment to SMIC via South Korea without export
licenses, sources told Reuters in November. Hundreds of millions
of dollars of equipment is involved, one of the people said at
the time.
The company repeatedly shipped equipment from its plant
in Gloucester, Massachusetts, to a subsidiary in South Korea and
then to SMIC, the people familiar with the probe said in
November.