Semi ETFs Gain as Avago (AVGO) Said to Consider Bid (SOXX) (SMH) (XLNX) (MXIM)

Semis gained on reports Avago Tech (NASDAQ: AVGO) reached out to three companies regarding a potential bid. Xilinx Inc (NASDAQ: XLNX), Maxim Integrated Products (NASDAQ: MXIM), and Renesas Electronics were contacted by Avago, sources told Reuters. This sent popular ETFs like iShares PHLX SOX Semiconductor (NASDAQ: SOXX) and Market Vectors Semiconductor ETF (NYSE: SMH) higher.

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