** U.S. chips stocks rise in premarket trade after Taiwan Semiconductor Manufacturing Co (TSMC) beats Q1 profit estimates
** TSMC reports Q1 profit of T$225.5 bln ($6.98 bln), beating estimates of T$218.1 bln - LSEG
** Co's Q1 revenue rose 13% YoY to $18.87 bln
** TSMC makes chips for many U.S. chip companies and benefits from a wave of demand for semiconductors used in artificial intelligence applications
** Nvidia up 1.7%, Advanced Micro Devices up 1.1%
** Applied Materials up nearly 1% and U.S.-listed shares of Arm Holdings gain 1%
** The Philadelphia Semiconductor index rose 9.3% YTD as of last close, compared with a 4.5% gain in Nasdaq
($1 = 32.3850 Taiwan dollars)
(Reporting by Pranav Kashyap in Bengaluru)
((Pranav.Kashyap@thomsonreuters.com;))
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