TSMC's 58% profit surge on AI demand lifts semiconductor stocks including Himax and onsemi

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit, driven by strong artificial intelligence demand

TSMC provided a positive outlook for future sales growth, signaling continued momentum in the AI sector

Himax and onsemi stocks traded higher in the afternoon session following TSMC's bullish earnings report

The rally reflects growing investor confidence in semiconductor companies benefiting from the AI boom