For much of this year, semiconductor stocks have been a drain on broader technology exchange traded funds and some other widely followed benchmarks. For example, shares of Intel Corporation (NASDAQ: INTC) are down nearly 3 percent year-to-date, making the semiconductor giant one of 14 members of the Dow Jones Industrial Average in the red on the year.
However, a spate of mergers and acquisitions and some well-received earnings reports have bolstered chip stocks in recent weeks. Over the past month, shares of Intel are higher by nearly 20 percent while Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) is up more than 13 percent. Rallies by Intel, Taiwan Semiconductor and other chip stocks have bolstered ETFs such as the Market Vectors Semiconductor ETF (NYSE: SMH).
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