Semiconductor Shares Soaring #semiconductor

Shares in semiconductors are trading sharply higher Wednesday following a report that suggests a key Asia supplier is seeing more orders for smartphone chips heading into the second quarter. Advanced Micro Devices (AMD 92.79 +1.26 +1.38%) is up almost 9% at the time of this article, Applied Materials (AMAT 107.97 +0.13 +0.12%) up almost 4%, Micron (MU) up 4.5%.

The Digitimes website said Taiwan Semiconductor (TSM 83.87 -1.02 -1.20%) will ramp up its 7 nanometer production rates thanks to strength in orders for Android devices.

Universal Display Corporation (OLED 219.45 -7.24 -3.19%), supplier of technology and materials to manufacture OLED displays is also on the rise, up almost 4% today and over 70% for the year.