XLK - Semi stocks surge on NXP revenue upside potential AMD-Xilinx deal

The Philadelphia Semiconductor Index is up 1.4% compared to the 0.9% gain for the tech sector (XLK) after a flurry of positive sector stories.NXP Semi hit a new 52-week high after reporting strong Q3 preliminary revenue results, driven by improvement in the automotive and mobile end markets.WSJ sources said AMD plans to buy rival Xilinx in a more than $30B deal, but Citi doubts Xilinx is looking for a buyer.And shareholders of Analog Devices and Maxim Integrated Products gave their vote of approval for the pending merger.Other top semi gainers include a mix of Xilinx and NXP peers: Lattice Semi ([[LSCC]] +3.8%), Teradyne ([[TER]] +4.2%), and Inphi ([[IPHI]] +3.8%).Here's a look at how the VanEck Vectors Semiconductor ETF (SMH) has performed over the past month compared to the tech sector and the S&P 500:

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Semi stocks surge on NXP revenue upside, potential AMD-Xilinx deal