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Investigation Details
On December 14, 2023, Amtech announced that it anticipated taking an impairment charge in its Materials and Substrate segment in part due to a “prolonged downturn . . . in the semiconductor industry and delays in the adoption of next-gen polishing tools.”
On this news, Amtech’s stock price fell 31.6%, to close at $4.10 per share on December 14, 2023, thereby injuring investors.
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