ASML, Peers See Share Surge Amid Easing U.S. Chip Restrictions On China

Shares of ASML and other European chip equipment companies surged following reports that U.S. restrictions on China’s semiconductor industry may be less severe than anticipated, Nathan Vifflin and Toby Sterling reported for Reuters.

ASML is a leading supplier of semiconductor manufacturing equipment. I Photo: ASML Facebook

ASML shares rose 4.3% by 0809 GMT, while Dutch competitors BE Semiconductor and ASM International gained 5% and 2.9%, respectively.

The Bloomberg News report, citing unnamed sources, indicated that major Chinese memory chipmaker ChangXin Memory Technologies Inc. may avoid inclusion on the U.S. trade restrictions list.

The U.S. Commerce Department, which oversees export regulations, is expected to issue new guidance after Thanksgiving.

ASML, a leading supplier of semiconductor manufacturing equipment, declined to comment but previously stated that sales to China are expected to drop to 20% of its total revenue in 2025, down from nearly 50% in recent quarters.