The US Government is reportedly due to announce it is expanding its power to block the export of semiconductor manufacturing equipment to Chinese chipmakers, in its latest bid to undercut the country’s efforts to develop AI.
Reuters reported Wednesday that the new rules would affect countries including Israel, Taiwan, Singapore, and Malaysia. The outlet cited two sources familiar with the matter.
But Reuters reported that sources said the rule will exclude shipments from allies, including Japan, South Korea, and the Netherlands.
Shares of the Dutch firm ASML soared after the Reuters report, jumping as much as 10% on Wednesday. ASML is one of the world’s leading suppliers for the semiconductor industry.
Japanese semiconductor equipment maker Tokyo Electron also saw a share boost after the report.
The US Commerce Department did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
