U.S. Semiconductor Shares Rally as Intel Gains More Than 6%; SK hynix Rises 6%

U.S. semiconductor shares climbed on Oct. 19, with Intel gaining more than 6% and SK hynix rising 6% as the Philadelphia Semiconductor Index advanced 3.43% in intraday trading.

The index stood at 1,151 points at 11:47 a.m. ET (15:47 UTC). Intel rose 6.05%, while SK hynix gained 6%. Lam Research was up 6.03%, Micron Technology added 5.35%, and Taiwan Semiconductor Manufacturing Co. climbed 3.48%.

The index’s 3.43% advance trailed each of the five individual stock gains. Intel posted the largest increase, 2.62 percentage points above the benchmark, while Taiwan Semiconductor Manufacturing Co. recorded the smallest gain among the companies at 3.48%. Lam Research and SK hynix were nearly even, separated by 0.03 percentage point.

Four of the five individual stocks rose at least 5%, led by Intel, while Taiwan Semiconductor Manufacturing Co. was up 3.48%. Its gain exceeded the index’s move by just 0.05 percentage point. The figures show the index’s rise came with gains across each of the five named companies during the session.