This chip name emerges as a key winner in U.S.-EU trade deal

Investing.com -- One chip name has emerged as a major beneficiary of the new U.S.-EU trade agreement, according to Lynx Equity Strategies, with semiconductor capital equipment imports from the European Union now set to face zero tariffs.

ASML is the company in question, according to the firm. 

The development is said to mark a turning point for the Dutch chip equipment giant, whose shares had dropped around 13% since its second-quarter earnings event amid tariff-related concerns.

“With the conclusion of US-EU trade deal over the weekend, ASML scores big with what appears to be zero-tariff rate for imports into the US,” Lynx Equity Strategies wrote. “Based on the outcome … we reiterate the call [to buy the recent pullback].”

The agreement, announced by the U.S. and EU presidents, will subject EU imports on average to a 15% tariff. 

However, semicap equipment, listed as a strategic product, will be excluded, facing a “zero-for-zero” tariff regime. 

“It appears as if EU-based semicap companies may no longer be subjected to Section 232 investigation,” Lynx noted.

ASML had previously withdrawn its 2026 guidance due to trade uncertainty. “At the Q2 earnings call, the CEO stated uncertainty [on] US tariffs as the reason for pulling the 2026 revenue guidance,” Lynx recalled. That contrasted with the firm’s more upbeat view at its Q1 results.

Lynx had earlier argued that ASML imports were “too important to face US tariffs,” and now sees the new deal replacing uncertainty with “stability” and “predictability,” echoing the EU President’s remarks.

“With the US tariff, not merely no longer an issue, but set to zero-for-zero tariffs, we think it likely for ASML management to revert to its previous stance of calling 2026 a growth year. And that should help repair the hit the stock took after earnings,” Lynx concluded.