ASML and Tokyo Electron shares rose after a report that the U.S. is considering sanctions on China’s chip industry that stop short of earlier proposals.

AI chip makers received positive news as major semiconductor manufacturers saw significant gains in their stocks following reports that the U.S. is considering less stringent restrictions on technology exports to China.

Shares of major global semiconductor equipment companies, including ASML ($ASML), Lam Research ($LRCX), KLA Corp. ($KLAC), and Micron ($MU), rose

China’s semiconductor industry is bracing for new shocks, as the US prepares to add several major chip equipment and materials suppliers on the mainland to its trade restriction list, dealing a fresh blow to the country’s push for technological self-reliance,