TSMC's strong performance boosts European chip stocks.

European chip stocks rose in early trading, as TSMC announced strong performance, indicating that chip demand remains strong. TSMC's net profit in the second quarter increased by 61% year-on-year, exceeding market expectations, and it is expected that revenue in the third quarter will be between $31.8 billion and $33 billion, higher than the $30.07 billion in the second quarter. ASML rose by 2.5%, ASM Pacific and Besi Semiconductor rose by 3.3% and 3.5% respectively, STMicroelectronics rose by 3.4%, and Infineon Technologies in Germany rose by 1.4%.