Yahoo Finance Video
Applied Materials (AMAT), one of the largest chipmakers in the US, faces a criminal probe for allegedly violating export restrictions to China, according to a report from Reuters. The Justice Department will investigate the company's dealings with China’s biggest chipmaker Semiconductor Manufacturing International Corp. (0981.HK), specifically looking at whether Applied Materials sold hundreds of millions of dollars of equipment without the proper licenses. Yahoo Finance Anchors Brad Smith, Seana Smith, and Myles Udland break down the report and what it means for the company going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.