European semiconductor companies saw their share prices rise after Taiwan Semiconductor Manufacturing (TSM) reported strong first-quarter financial results. As the world's largest contract chipmaker and a key indicator for the semiconductor industry and artificial intelligence demand, TSM posted a net profit of NT$572.48 billion (approximately $18.12 billion), a 58% increase. Revenue grew by 35% year-over-year to NT$1.134 trillion.

Shares of Dutch semiconductor equipment manufacturer ASML Holding NV (ASML) advanced by 1.9%, while its smaller competitor ASM International rose by 1.4%. BE Semiconductor Industries, a Dutch supplier of semiconductor assembly equipment, increased by 1.3%. German chipmaker Infineon Technologies gained 0.9%, and STMicroelectronics saw a 0.4% uptick.