Stock Track | Applied Materials Plunges 5.26% in Pre-Market on $252 Million Settlement Over Illegal China Exports

Stock Track
02/12

Applied Materials Inc. (AMAT) shares plummeted 5.26% in pre-market trading on Thursday.

The sharp decline comes after the company agreed to pay a $252 million penalty to settle allegations of illegally exporting semiconductor manufacturing equipment to China. The U.S. Department of Commerce announced the settlement, resolving an investigation into shipments made to China's Semiconductor Manufacturing International Corp (SMIC) without required export licenses between 2021 and 2022.

While the settlement resolves the regulatory matter and related investigations by the Department of Justice and Securities and Exchange Commission have been closed, investors reacted negatively to the substantial financial penalty and the underlying compliance issues.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10