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

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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)

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