ASML Shares Rise on Optimism Over US-China Export Policy
Overview of ASML's Stock Performance
AMSTERDAM (Reuters) - Shares in ASML, the largest maker of equipment used to manufacture computer chips, jumped on Wednesday following a Reuters report that signalled it may be spared many of the new U.S. restrictions being considered on exports to China.
Key Developments
The report stated that the U.S. would exclude allies including the Netherlands, where ASML is based, from new restrictions on equipment sales to half a dozen Chinese chipmaking plants.
- ASML shares rose by 5.6% to 855.20 at 0955 GMT.
Conclusion
The potential exemption from U.S. restrictions not only bolsters ASML’s market position but also highlights the ongoing tensions and complexities in global semiconductor trade.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.