The Semiconductor Industry Association (SIA) earlier this month reported global sales of semiconductors totaled $74.65 billion for the second quarter, an increase of 6 percent sequentially and the largest quarterly increase in three years. The increase was driven by a strong performance from the Americas region, which posted a 8.6 percent sequential growth. "There's no question the global semiconductor industry has picked up steam through the first half of 2013, led largely by the Americas," said Brian Toohey, president and CEO, SIA. "We have now seen consistent growth on a monthly, quarterly, and year-to-year basis, and sales totals have exceeded the latest industry projection, with sales of memory products showing particular strength."
Broadcom Corporation (NASDAQ: BRCM) shares traded in the range of $25.23 to $25.89 Monday before settling to close at $25.29. The stock appears to be facing some resistance at the $25.89, $26.77 and $30.24 levels. Shares of Broadcom have fallen approximately 24.0 percent in 2013.
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Freescale Semiconductor Ltd. (NYSE: FSL) shares traded in the range of $14.23 to $14.44 Monday before settling to close at $14.32, a decrease of 1.10 percent. The stock appears to be facing some resistance at the $14.33 and $14.58 levels with some support at $13.78. Shares of Freescale Semiconductor have gained approximately 7.0 percent in 2013.
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NXP Semiconductors NV (NASDAQ: NXPI) shares traded in the range of $35.34 to $35.97 Monday before settling to close at $35.39, a decrease of 0.14 percent. The stock appears to be facing some resistance at the $35.50 and $36.13 levels with some support at $34.70. Shares of NXP Semiconductors have gained approximately 34.0 percent in 2013.
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STMicroelectronics N.V. (NYSE: STM) shares traded in the range of $8.42 to $8.52 Monday before settling to close at $8.45. The stock appears to be facing some resistance at the $8.52 and $8.69 levels with some support at $8.37. Shares of STMicroelectronics have gained approximately 16.0 percent in 2013.
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