<ul><li>Taiwan Semiconductor Manufacturing Co. (TSMC) shares reached a record high on Tuesday, putting the world’s largest contract chipmaker on track for its best annual stock performance in 25 years.</li><li>Driven by ongoing investor interest in artificial intelligence, TSMC shares are now up 84% this year.</li><li>TSMC has been a major beneficiary of the boom in AI spending, with a client list that includes Apple Inc. and Advanced Micro Devices Inc.</li><li>Apple is TSMC's number one customer, so the positive performance of TSMC is good news for Apple.</li></ul>

Major Apple supplier TSMC shares hit record high

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