As of 0147 GMT, the main TAIEX index rose 29.35 points to 8,663.04, after closing 0.25 percent lower on Thursday.
The electronics subindex was up 0.8 percent, while the semiconductor subindex was up 2 percent.
Shares in heavily-weighted TSMC were up 2.9 percent. On Thursday, the world's largest contract chip maker reported record quarterly sales for the third quarter.
The Taiwan dollar was up T$0.011 to stand at T$30.399 to the US dollar.