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 31.44 +1.77 +5.97%) is up almost 9% at the time of this article, Applied Materials (AMAT 46.50 -0.66 -1.40%) up almost 4%, Micron (MU) up 4.5%.

The Digitimes website said Taiwan Semiconductor (TSM 41.63 +0.77 +1.88%) will ramp up its 7 nanometer production rates thanks to strength in orders for Android devices.

Universal Display Corporation (OLED 210.45 +3.64 +1.76%), supplier of technology and materials to manufacture OLED displays is also on the rise, up almost 4% today and over 70% for the year.