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 32.07 +1.10 +3.54%) is up almost 9% at the time of this article, Applied Materials (AMAT 52.63 +0.95 +1.84%) up almost 4%, Micron (MU) up 4.5%.

The Digitimes website said Taiwan Semiconductor (TSM 49.64 -0.50 -0.99%) will ramp up its 7 nanometer production rates thanks to strength in orders for Android devices.

Universal Display Corporation (OLED 174.59 +1.70 +0.98%), supplier of technology and materials to manufacture OLED displays is also on the rise, up almost 4% today and over 70% for the year.