The US government approved AI chip sales to China, allowing Nvidia to ship chips, with ASML benefiting from Trump tariffs.
1 report, 1 independent
Updated Jul 24
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What happened
The US government approved AI chip sales to China, allowing Nvidia to ship chips, with ASML benefiting from Trump tariffs.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- ASML CEO Christophe Fouquet reported strong order intake, highlighting ASML's role as a key supplier to chipmakers.Sub-event
US government allows Nvidia to sell chips in China; ASML benefits from Trump tariffs.1 source
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The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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ASML Holding
Dutch company and supplier of photolithography systems
Related events
- A gathering involving key figures discussed trade issues and tariff relief, noting that local firms might purchase Nvidia's new semiconductors.
- US-China tech rivalry intensifies as Trump plans a state dinner for Xi Jinping, amid ongoing chip export controls and AI development races.
- The Trump administration announced a deal allowing AMD to sell chips to China despite existing US export restrictions.
- Trump's administration imposed export restrictions on China while Chinese AI firms like Alibaba and DeepSeek continue to develop competing models.
- Government actions include greenlighting chip exports to China, acquiring stakes in private companies, and taking a stake in a Nevada lithium mining project.
Coverage
Newest first; wire copies grouped- Insider MonkeyAnalyst Explains Why Nvidia China News Could be ‘Huge’ for ASML Holding (ASML) ASML Holding N.V. (NASDAQ:ASML) is one of the 10 Stocks to Buy and Sell in 2025: Top Analyst Calls. Joe Tigay from Equit