ASML tops $500 billion market cap as TSMC results ignite semis rally

Jan 15 - Shares in ASML surged to ​a new all-time ‌high on Thursday, pushing its ‌market capitalisation past the $500 billion milestone and cementing its lead as ⁠Europe’s ‌most valuable company.

The surge in the Dutch ‍chipmaking equipment manufacturer was fuelled by TSMC's blockbuster ​results, which sparked a ‌broad rally across European semiconductor stocks.

ASML shares were up around 5%, hitting a record 1,167 ⁠euros earlier ​in the session. ​Its market value stood at around 443 ‍billion ⁠euros ($515 billion) as of 0858 GMT.

($1 = 0.8595 ⁠euros)

(Reporting by Leo Marchandon ‌in Gdansk, editing by ‌Anna Pruchnicka)