TSMC now anticipates its capital expenditure for this year will pick up to slightly higher than $30 billion, it said during its earnings call. The firm's capex costs edged higher

TSMC's earnings came as a welcome relief after ASML spooked AI hardware manufacturers with a lackluster outlook.

Taiwan Semiconductor Manufacturing stock was rising after the company posted a big jump in profit and sales for the third quarter, beating analysts’ estimates. It’s a sign of strong demand for artificial-intelligence chips.

TSMC is the world's largest producer of advanced chips, serving clients such as Apple and Nvidia. Shares of Taiwan Semiconductor Manufacturing Company jumped more than 10% on Thursday morning after the company reported a 54% hike in net profit in the third quarter.