 Bloomberg -- Taiwan Semiconductor Manufacturing Co. kept up its record-breaking streak Tuesday, briefly becoming the worlds 10th most valuable corporation before paring gains.Taiwans biggest stock was up around 1.2 in Taipei, after rising as much as 9.9 and going beyond 410 billion in value, leapfrogging U.S. giants Johnson Johnson and Visa Inc. in the process. Daily stock moves are capped at 10 in Taiwans equity market.Its difficult to overstate the influence that TSMC wields on Taiwans financial markets. Making up almost a third of the local benchmark, it has single-handedly pushed the Taiex past a record that had stood for three decades. Its rally is attracting foreign flows into Taiwanese equities, increasing demand for the local currency. The Taiwan dollar rose 1 Tuesday to the strongest since April 2018.The latest boost to TSMCs shares came after Intel Corp. warned last week that its 7-nanometer chips are behind schedule and it may outsource their production. The U.S. chipmaker is expected to funnel new business to TSMC, given its global lead in silicon fabrication and track record of making semiconductors for the worlds largest tech corporations.Intels struggles are buoying stocks in Asian suppliers of made-to-order chips. Samsung Electronics Co., which is investing heavily in its own foundry business, jumped as much as 5.8 Tuesday, its biggest intraday gain in almost two months. Chinese rival Semiconductor Manufacturing International Corp. climbed 6.6 in Hong Kong.Samsung Electronics position as a foundry partner is expected to rise. Korean investors anticipate that Samsung could produce Intels CPU and discrete GPU, Hana Financial Investment analysts wrote in a note. But to narrow the gap with TSMC, it is essential for Samsung to expand its Austin fab.A report on Monday suggested that Intel had placed orders with TSMC for 180,000 units of 6nm chips for 2021. Meanwhile, brokerages including Nomura Holdings Inc. and Credit Suisse Group AG upgraded TSMC to the equivalent of buy.Updates with share price and analyst comment from first paragraphFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2020 Bloomberg L.P. 