The Traderszone Network

Published in TZ Latest News 7 May, 2015 by The TZ Newswire Staff

Avago, SunEdison, Atmel Lead Session For Chipmakers

Avago Technologies (AVGO) shot up nearly 5% Thursday as investors weighed in on the Singapore-based chipmaker’s completion of the $606 million acquisition of Emulex, announced Tuesday. Chipmakers had a good day in general. SunEdison (SUNE), a provider of semiconductor raw materials, surged more than 12% and Atmel (ATML) gained 6%. Avago led both the Nasdaq 100 as well as the Philadelphia Semiconductor Index, which rose 1.1% for the day.

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