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 46.54 +1.08 +2.38%) is up almost 9% at the time of this article, Applied Materials (AMAT 61.50 +0.42 +0.69%) up almost 4%, Micron (MU) up 4.5%.

The Digitimes website said Taiwan Semiconductor (TSM 53.89 +0.26 +0.48%) will ramp up its 7 nanometer production rates thanks to strength in orders for Android devices.

Universal Display Corporation (OLED 197.72 +1.22 +0.62%), supplier of technology and materials to manufacture OLED displays is also on the rise, up almost 4% today and over 70% for the year.