Shares of Applied Materials tumbled in early trading in New York following a Reuters report that disclosed the largest US maker of chipmaking machinery faces a US criminal investigation for allegedly violating export restrictions to China. The Justice Department is investigating Applied Materials' dealings with China's biggest chipmaker, Semiconductor Manufacturing International Corp.
One source said Applied Materials sent hundreds of millions of dollars in semiconductor equipment to SMIC without export licenses. "Applied Materials…U.S. Investigates Chipmaker Over Alleged Export Violations to China
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