Investors in Applied Materials, Inc. (NASDAQ: AMAT) should contact the Shareholders Foundation in connection with Investigation over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Applied Materials, Inc.

Investors who purchased shares of Applied Materials, Inc. (NASDAQ: AMAT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Applied Materials directors breached their fiduciary duties and caused damage to the company and its shareholders.

Santa Clara, CA based Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. Applied Materials, Inc. reported that its Total Revenue rose from over $25.78 billion for the 12 months period that ended on October 31, 2022, to over $26.51 billion for the 12 months period that ended on October 31, 2023, and that its Net Income over those respective time periods increased from over $6.52 billion to $6.85 billion.

On November 17, 2023, Reuters published an article reporting that "[s]emiconductor equipment maker Applied Materials . . . is under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC[.]" Citing "three people familiar with the matter", the article reported that Applied Materials "is being probed by the Justice Department for sending equipment to SMIC via South Korea without export licenses."

Shares of Applied Materials, Inc. (NASDAQ: AMAT) closed on January 17, 2024, at $153.37 per share.

Those who purchased shares of Applied Materials, Inc. (NASDAQ: AMAT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.