US Stock Market Move | Semiconductor stocks surged, Intel Corporation (INTC.US) rose more than 4%.

On Monday, semiconductor stocks rose across the board, with Intel Corporation (INTC.US) up over 4%, Marvell Technology, Inc. (MRVL.US) up nearly 4%, AMD (AMD.US) up over 2%, and NVIDIA Corporation (NVDA.US) up nearly 2%. According to reports, following increases in the prices of storage chips and packaging, the semiconductor industry may be entering a new wave of price hikes. Companies such as United Microelectronics Corp. Sponsored ADR (UMC), Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), and Powerchip have announced price adjustments starting in April, with some increases reaching up to 10% or more. Dave Guzzi, global channel chief of Intel Corporation, recently stated that the current shortage of CPUs is impacting all partners, including cloud service providers, OEMs, and system builders. While price increases are not as dramatic as those seen in the memory market, they are inevitable. Guzzi noted that partners are receiving lower volumes of products than expected, which is affecting their ability to meet demand.