Acm Research Inc.'s stock price surged 9.65% during Tuesday's intraday trading session, following a significant pre-market gain.

The sharp rise comes after Huawei Technologies announced it had developed a workaround to manufacture more advanced chips without the specialty equipment blocked by U.S. restrictions. This industry-wide development, including the revelation of a new principle called the Tau Scaling Law, has boosted sentiment across the semiconductor sector, lifting shares of related companies including Acm Research.