ASML shares pop 7% after report that U.S. will exempt allies from new China chip restrictions

Posted under: AI technologies
Date: 2024-08-01
ASML shares pop 7% after report that U.S. will exempt allies from new China chip restrictions

Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China. Shares of Tokyo Electron a semiconductor equipment maker in Japan, also closed more than 7% higher on Thursday after the report. Shares of South Korean memory chip firms Samsung and SK Hynix were also higher in South Korea, following the Reuters report.

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