What happened: Shares of chip equipment makers rose on Monday, with ASML (ASML) leading Applied Materials (AMAT) and Lam Research (LRCX) higher.
What’s behind the move: The companies, which provide advanced semiconductor-making equipment to Taiwan Semiconductor Manufacturing Company (TSM), moved higher after TSMC said its revenue jumped 5.6% in July to around $14.51 billion from the prior month and 44.7% from a year earlier.
On an annualized basis, TSMC’s revenue for January through July 2026 totaled roughly $89.11 billion, up 37% from the same period in 2025.
What else you need to know:Â TSMC is the world’s largest chipmaker, and its business has boomed, driven by demand for semiconductors used in artificial intelligence.
Last month, the company reported record second quarter revenue of $40.2 billion, up 36% from a year earlier, and raised its 2026 revenue growth forecast to more than 40%.
Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.
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