Shares of Dutch chip-making equipment supplier ASML Holding are on the rise Friday after Taiwan Semiconductor Manufacturing posted better-than-expected revenue for last year. The world's largest contract chip maker, a key ASML client, reported 3.809 trillion New Taiwan dollars (US$120.69 billion) in 2025 revenue, up nearly 32% from 2024. The figure beat a FactSet forecast of 3.797 trillion New Taiwan dollars. Investors in chip-making equipment companies welcome a robust performance from TSMC and other semiconductor manufacturers as these are more likely to purchase extra equipment to meet demand from their own customers. ASML shares are up 4%.