** European chip manufacturers recoup losses despite U.S. President Donald Trump saying on Tuesday U.S. lawmakers should dismantle the $52.7 billion semiconductor chips subsidy law
** Shares of Siltronic WAFGn.DE, Aixtron AIXGn.DE, Infineon IFXGn.DE, STMicroelectronics STMPA.PA jump between 6% and 10% at 1131 GMT after Tuesday's selloff
** Investors have considered that 85% of the CHIPS Act money is already allocated under binding agreements, says Redburn Atlantic analyst Timm Schulze-Melander
** "This means it cannot be legally cancelled," he adds
** European computer chip equipment makers, direct suppliers of Taiwan's TSMC 2330.TW, also rise, with ASML ASML.AS, ASMI ASMI.AS, and BE Semiconductor Industries BESI.AS all up around 3%
** "This program supports significant infrastructure build plans including Intel Ohio and TSMC Arizona fabs," Schulze-Melander adds
** TSMC announced on Tuesday a $100 billion investment plan to build five additional chip facilities in the U.S.
(Reporting by Nathan Vifflin)
((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.