Shares of Dutch semiconductor-gear maker ASML Holding (ASML) are soaring Wednesday on a report that the U.S. is on track to exclude chip-equipment makers in the Netherlands and elsewhere from its latest set of trade curbs aimed at reining in China's tech advance.

According to Reuters, shipments from several countries that export key chipmaking equipment, also including, Japan, and South Korea, won’t be included in a Biden administration expansion of the Foreign Direct Product Rule next month.

“The U.S. Department of Commerce is continually assessing the evolving threat environment and updating our export controls, as necessary, to protect U.S. national security and safeguard our technological ecosystem," a Commerce Department spokesperson said in an email. "We remain committed to working closely with our allies who share our values."

ASML stock was recently up 9%.

Expanded Curbs 🍰Would Hit Taiwan, Israel, Singapore Export𒁃s

The expansion will prevent around half a dozen Chinese fabs from getting exports from many countries, the report said. Places whose exports would be affected would include Taiwan, Israel, Singapore, and Malaysia. Taiwan is home to chip manufacturing giant Taiwan Semiconductor Manufacturing Company (TSM).

ASML shares had澳洲幸运5官方开奖结果体彩网: been struggling after Bloomberg reported earlier this month that that the Biden administration's upcoming stricter curbs on China access to foreign chipmakers' exports would be used to crack down on the Chineses businesses of ASML and Japan's Tokyo Electron.

Exemption from China Chip Curbs to Remove Overha⭕ng, Says Jefferies

Wednesday's report from Reuters suggests ASML and Tokyo Electron will be shielded from the new rules, Jefferies analysts said in a note, "removing a key negative on these stocks that have led to significant underperformance in recent weeks."

Shares in ASML, which makes 澳洲幸运5官方开奖结果体彩网:extreme ultraviolet (EUV) lith💛ogra🐻phy machines that can prod🎐uce smaller and more powerful microchips are up more than 20% this year. Tokyo Electron, whose etching machines are used in semiconductor factories, closed up 7% in Japanese trade.

UPDATE: This story has been updated to incorporate a response from the Commerce Department.