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 27.49 -0.44 -1.58%) is up almost 9% at the time of this article, Applied Materials (AMAT 43.89 +0.17 +0.39%) up almost 4%, Micron (MU) up 4.5%.

The Digitimes website said Taiwan Semiconductor (TSM 44.39 +1.38 +3.21%) will ramp up its 7 nanometer production rates thanks to strength in orders for Android devices.

Universal Display Corporation (OLED 170.24 -2.60 -1.50%), supplier of technology and materials to manufacture OLED displays is also on the rise, up almost 4% today and over 70% for the year.

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