Shares of the chip equipment makers were flying high in midday trading after



said yesterday it beat analysts' earnings expectations and


(INTC) - Get Intel Corporation (INTC) Report

disclosed plans to boost its capital spending.

Applied Materials

(AMAT) - Get Applied Materials, Inc. Report

was up $4.56, or 10.3%, to $49, and Novellus gained $6.13, or 15.8%, to $44.88 in recent




TheStreet Recommends

(TER) - Get Teradyne, Inc. Report

, which yesterday reported earnings that

missed estimates by a penny, leaped $3, or 8.2%, to $39.69 in recent

New York Stock Exchange

trading, and

PMC Sierra


soared $16.31, or 20.4%, to $96.31 on the Nasdaq.


(KLAC) - Get KLA Corporation (KLAC) Report

, which is set to report earnings today, rose $7.31, or 19.7%, to $44.50, and

Lam Research

(LRCX) - Get Lam Research Corporation (LRCX) Report

jumped $3.19, or 15.8%, to $23.38, also on the Nasdaq.