According to people familiar with the matter, US restrictions on China's semiconductor industry may not be as severe as expected, and the stock prices of ASML.US (ASML.US) and its European computer chip equipment industry peers have risen.
The Zhitong Finance App learned that according to people familiar with the matter, US restrictions on the Chinese semiconductor industry may not be as severe as expected, and the stock prices of ASML.US (ASML.US) and its European computer chip equipment industry peers have risen.
As of press release, Asmack had risen 4.3% in Europe, while Dutch rivals BE Semiconductor and Asmack International had risen 5% and 2.9% respectively, performing the best in Europe's benchmark Stoxx 600 index.
The source said that China's major memory chip manufacturer Changxin Storage Technology Co., Ltd. (CXMT) will not be included in the US trade restrictions list, adding that the timing and content of the decision are uncertain.
The US Department of Commerce is responsible for overseeing US export restrictions to China and is expected to issue new guidance after the Thanksgiving holiday.
Other top chip equipment vendors affected include American Applied Materials, Kelei, Fanlin Group, and Tokyo Electronics.