Exclusive: Applied Materials under US criminal probe for shipments to China’s SMIC-sources

News Snapshot:

A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Nov 16 (Reuters) - Semiconductor equipment maker Applied Materials (AMAT.O) is under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC, according to three people familiar with the matter. The largest U.S. semiconductor equipment maker is being probed by the Justice Department for sending hundreds of millions of dollars of equipment to SMIC without export licenses, one source, who requested anonymity because of the sensitivity of the investigation, said....