Intel

(INTC) - Get Report

was up 6.6% in early afternoon trading after announcing it has built the smallest and fastest transistor, allowing it to create speedier microchips in the future. Other semiconductor stocks were also higher. Rambus

(RMBS) - Get Report

was up 5.7%, and Micron Technology

(MU) - Get Report

was up 8.1%. The Semiconductor Index

(SOX)

was up 6%.