Texas Instruments

(TXN) - Get Report

was up 5.7% in early trading, a day after announcing it will close its Santa Cruz, Calif., plant, which employs 600, as part of a previously announced cost reduction.

Other semiconductor stocks were slightly higher.

Intel

(INTC) - Get Report

was up 0.4%.

Micron Technology

(MU) - Get Report

was up 2.7%.

The

Philadelphia Stock Exchange Semiconductor Index

was down 0.5%.