Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, reported better-than-expected quarterly profit on Thursday and maintained its full-year outlooks for both revenue and capital spending.

Shares of Japanese tech companies and some European firms rose after the TSMC results, which were announced after Taiwan stock markets closed. The firm's Frankfurt-listed shares were up 5.5% in early trading.

On Wednesday, chip stocks were battered as Nvidia warned of a $5.5 billion hit after Washington restricted exports of its Artificial Intelligence processor tailored for China, while Dutch giant ASML raised doubts about its outlook.

TMSC executives said that although they understood there were risks from US tariffs, the company has not seen any change in customer behaviour and expected its business to be supported by robust artificial intelligence demand.

--Reuters--