06:23 AM EDT, 07/31/2024 (MT Newswires) -- ASML ( ASML ) is expected to be in a list of chip companies that would be exempt from a sweeping new trade restriction targeting China, media reports said Tuesday, citing people familiar with the matter.

The US government is preparing to implement new exports limits aiming to keep China from accessing advanced semiconductor technology, reports said. But ASML ( ASML ) and other companies in the Netherlands, where ASML ( ASML ) is based, and Japan would be exempted from the curbs, according to reports.

ASML ( ASML ) did not immediately respond to MT Newswires' request for comment.

Shares of the company were up 7.9% in recent Wednesday premarket activity.

Price: 928.11, Change: +67.87, Percent Change: +7.89