As of 09:51 AM EDT, AAPL stock was trading at $144.96.

Bloomberg says that China is having a number of urgent meetings with different semiconductor companies in order to figure out how the U.S. export limits are affecting them.

The Ministry of Industry and Information Technology met with representatives from Yangtze Memory Technologies and Dawning Information Industry to talk about the new rules, which are meant to limit the use of specific chips for certain technological and military benefits. Bloomberg says that some people at the meeting warned that the new export restrictions could be bad for their companies and the semiconductor industry. The news source noted that it is uncertain whether or how China will react.

In Thursday’s premarket trade, the VanEck Semiconductor ETF (NASDAQ:SMH) increased.

This month, the Commerce Department published new rules that say companies that want to sell to China will need to apply for a license if they make DRAM chips with a thickness of less than 18 nm, NAND chips with more than 128 layers, or logic chips with a thickness of less than 14 nm.

Developments impacting Apple stock and outlook

After GOP senators pressured Apple (NASDAQ:AAPL) to stop using its memory chips in iPhones, attention has been drawn further to China’s semiconductor industry, particularly Yangtze Memory Technologies. Apple (NASDAQ:AAPL) seems to have changed its mind about using Yangtze Memory Technologies chips in iPhones for China because of pressure from American politicians.

According to reports, some businesses, notably Samsung (OTCPK:SSNLF) and Taiwan Semiconductor (NYSE:TSM), which have factories operating in China, have been granted one-year extensions from the new export restrictions put in place by the Biden Administration.

 AMAT Stock Up, Joins Other Semiconductors In Adjusting To New Export Restrictions

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