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.
Reuters reported on Thursday that the U.S. is considering expanding the so-called foreign direct product rule, but that allies that export key chipmaking equipment — including Japan, the Netherlands and South Korea — will be excluded.
Exports to China from countries including Israel, Taiwan, Singapore and Malaysia will be impacted by the U.S. rule, according to Reuters.
Taiwan is the home of TSMC , the world's biggest chip manufacturing plant.
This comes in contrast to a Bloomberg report earlier this month, which suggested that companies from these countries would be included in an expansion of the rules.
Persons:
ASML
Organizations:
Reuters, Bloomberg
Locations:
China, Japan, Netherlands, South Korea, Israel, Taiwan, Singapore, Malaysia, U.S, TSMC