TSMC’s July revenue jumped 44.7% year-over-year, signaling robust demand for AI chips and boosting ASML’s outlook.
ASML Holding (NASDAQ: ASML) shares climbed 3.2% Tuesday after a key customer reported surging sales. Taiwan Semiconductor Manufacturing (TSMC) posted July net revenue of NT$467.58 billion, up 44.7% year-over-year and 5.6% sequentially, exceeding expectations for a slower month.
TSMC’s growth reflects strong demand for advanced semiconductors, particularly AI chips, which rely on ASML’s extreme ultraviolet lithography systems. ASML holds a near-monopoly in this critical equipment segment, and TSMC is its largest customer. The revenue surge suggests TSMC may surpass its NT$1.45 trillion quarterly consensus.
The positive data follows recent industry tailwinds, reinforcing ASML’s position in the AI-driven semiconductor supply chain.