The ASML logo is displayed on a circuit board, along with the US and Chinese flags, in this photo illustration taken in Brussels, Belgium, on January 4, 2024.
Jonathan Rao Nurphoto Getty Images
Shares of a major global semiconductor equipment company jumped on Thursday after reports that the US is considering sanctions on China’s chip industry that were dropped from an earlier proposal.
ASML was about 4.3% higher in early trade in Europe. Tokyo Electron more than 6% higher in Japan where trading.
Bloomberg reported on Wednesday that Washington is considering further steps to restrict sales of semiconductor equipment and AI memory chips to China, but the new rules could be a departure from previous proposals that appeared to be stricter.
This is a news story. Please check back for more.
