December 23, 2024

US Semiconductor Index Hits Highest In Nearly A Year On Hopes For Industry Turn

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US Semiconductor Index Hits Highest In Nearly A Year On Hopes For Industry Turn

 

The index climbed 1.6%, adding to a gain of more than 3% on Wednesday, and it is now on track for its biggest two-day percentage gain in nearly two months, hitting its highest level since April 6 after a flurry of updates from several chipmakers including Intel, Micron Technology and Germany’s Infineon.