ASML Holding NV's stock surged 5.01% during Friday's intraday trading session, driven by positive news from its key client, Taiwan Semiconductor Manufacturing (TSMC).
TSMC reported better-than-expected revenue for the previous year, reaching 3.809 trillion New Taiwan dollars (US$120.69 billion), a 32% increase from 2024. This robust performance signals strong demand for semiconductor equipment, benefiting ASML as a leading supplier. Investors are optimistic about ASML's growth prospects given TSMC's continued expansion and investment in chip-making technology.
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