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 106.19 +3.24 +3.15%) is up almost 9% at the time of this article, Applied Materials (AMAT 139.93 +2.43 +1.77%) up almost 4%, Micron (MU) up 4.5%.

The Digitimes website said Taiwan Semiconductor (TSM 119.51 +2.69 +2.30%) 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.