July 28, 2026
ASML & Tokyo Electron: Another China Risk
We see Congress as another—and potentially more immediate—risk to ASML (ASML) and Tokyo Electron (TOELY) following yesterday’s weakness in semiconductor-equipment stocks on reports that China has begun producing domestic immersion deep-ultraviolet (DUV) lithography machines. The…
July 1, 2026
(NVDA, AMD, ASML, TOELY, AVGO, MRVL) NDAA Tech/AI Amendments Left Out of House Floor Debate
The House Rules Committee did not make the MATCH Act, the Chip Security Act, or the AI Overwatch Act in order as amendments to the fiscal year 2027 National Defense Authorization Act (NDAA). This move…
April 20, 2026
Capitol Policy Weekly: Reconciliation, Warsh, Export Controls, California Social Media in Focus
With the House and Senate both in session this week, Washington’s focus will remain concentrated on the Iran-U.S. conflict, which heated up yesterday after the U.S. seized an Iranian ship. We have though an escalation…
April 10, 2026
(ASML, TOELY, NVDA) New Semiconductor Export-Control Bill, the MATCH Act, Unlikely to Become Law
In the past week, the House and Senate have introduced bipartisan legislation known as the MATCH Act, or the Multilateral Alignment of Technology Controls on Hardware Act, which poses headline risk for ASML (ASML) and Tokyo Electron (TOELY). The legislative measure is designed to tighten U.S. export controls on semiconductor manufacturing equipment…