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Intel

(INTC) - Get Intel Corporation (INTC) Report

was up 9.1% by early afternoon, crossing $40 for the first time since Tuesday. It managed to rise Thursday in the face of the tech selloff and was helping lead a recovery in the rest of the chip sector.

Altera

(ALTR) - Get Altair Engineering Inc. Class A Report

, pounded this week on a downgrade, was up 10.4% and

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Texas Instruments

(TXN) - Get Texas Instruments Incorporated Report

was up 13.7%. The

Semiconductor Index

(SOX)

was up 7.1%.