Reported about 2 months ago
Applied Materials Inc. has received a subpoena from the U.S. Department of Justice regarding its applications for federal grants, which adds to ongoing investigations of the company's operations. The request focuses on certain federal award applications and comes amid scrutiny of the company's dealings with China. Applied Materials had previously sought government support for a research center but was denied funding, highlighting the challenges it faces in the current geopolitical climate.
Source: YAHOO