Why Taiwan's Semiconductor Manufacturing Stocks Soared Thursday Morning.

Taiwan Semi-Conductor fabricationfirms(NYSE: TSM)The stock climbed on Thursday, jumping as high as 3.41 TP3T, and as of 11:47 a.m. ET, the stock was still up 1.51 TP3T.

The semiconductor specialist shared some positive news with investors following the massive earthquake that hit the island earlier this week.

Disaster Relief Rebound

Earlier on Wednesday, Taiwan was hit by the strongest earthquake in 25 years. Taiwan Semiconductor Manufacturing Company (TSM) noted that it "activated precautionary measures to ensure the safety and well-being of its employees in accordance with procedures, and evacuated some of its factories."

The world's largest maker of carrier chips shared an update with well-wishers and investors following the tragedy. All personnel are safe and returned to work shortly after the incident," the company said in a statement. The company added that it was "currently assessing the impact" on its manufacturing capabilities.

TSMC reported overnight that it expects to resume operations." The company said, "There was no damage to our critical tools, including all of our extreme ultraviolet lithography tools. There was a small amount of damage, but the company is working hard to get everything back to normal.

A key contributor to the artificial intelligence revolution

act asNvidia,Advanced Micro Devices TSM plays a key role in the rapid adoption of artificial intelligence (AI) by being a contract chipmaker for technology giants such as carpet makers. For example, the company manufactures the B耑 graphics processing units (GPUs) for Nvidia, which are the gold standard for AI processing everywhere.

In fact, according to Gene Munster, a respected technology analyst at Loup Ventures, "In the short term, the only thing that will slow down the development of AI is the production challenge of TSM.

While the impact on humans is far more significant, investors are also comforted by the fact that TSM has been able to resume operations so quickly.

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Danny Vena has a position in Nvidia.The Motley Fool has positions in Advanced Micro Devices, Nvidia and Taiwan Semiconductor Manufacturing.The Motley Fool has a disclosure policy.

Why did Taiwan Semiconductor Manufacturing Company's stock soar Thursday morning?