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 138.64 -7.86 -5.37%) is up almost 9% at the time of this article, Applied Materials (AMAT 153.66 +5.93 +4.01%) up almost 4%, Micron (MU) up 4.5%.

The Digitimes website said Taiwan Semiconductor (TSM 101.50 +4.06 +4.17%) will ramp up its 7 nanometer production rates thanks to strength in orders for Android devices.

Universal Display Corporation (OLED 166.07 +5.31 +3.30%), supplier of technology and materials to manufacture OLED displays is also on the rise, up almost 4% today and over 70% for the year.