These export license approvals could generate billions of dollars in total revenue for the companies this year and mark a dramatic reversal after the Trump administration said the issue wasn’t even up for debate.
ASML Holding NV Chief Financial Officer Roger Dassen said on an earnings call Wednesday it will be “positive for chip demand” if Washington lifts restrictions on some artificial intelligence processors.
This week Nvidia Corp said it received assurances that the US government will allow the export of some chips to the Asian nation that had previously been blocked. Advanced Micro Devices Inc, Nvidia’s chief rival, followed with a similar announcement.
