(Bloomberg) -- The US Department of Commerce is continuing an investigation into Applied Materials Inc.’s shipments to Chinese customers, part of a broader effort to ensure that increasingly strict trade restrictions against the Asian nation are effective. Most Read from BloombergYellen Says Higher Path for Rates Boosts Need to Lift RevenueWhat the Trump Jury Saw as Evidence Against Him in 12 ImagesHungary Wants to ‘Redefine’ Its NATO Membership, Orban SaysTesla Shareholders Should Reject Musk’s
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 custo
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."