ASML jumps as US government eyes tweaks to China chip measures
Portfolio Pulse from
ASML and other chip sector stocks rose on news that the US government may adjust restrictions on semiconductor equipment and AI memory chip sales to China. The changes could impact Huawei suppliers and chipmaking factories.
November 28, 2024 | 2:45 pm
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ASML's stock rose on reports that the US government may adjust restrictions on semiconductor equipment sales to China, potentially benefiting the company.
ASML is a major player in the semiconductor equipment market. Easing restrictions on sales to China could open up significant business opportunities, positively impacting ASML's stock price.
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