Broadcom shares jumped $3.54, or 15 percent, to $27.09. They have traded in the last 12 months between $16.38 and $43.07.
North Reading, Mass.-based chip testing company Teradyne also saw its shares jump on its results.
Citigroup analyst Timothy M. Arcuri said that company's second-quarter forecast "suggests Teradyne is regaining some product mojo."
The chip testing sector could be one of the fastest technology sectors to recover from the economic decline, Arcuri said in an investor note.
In midday trading, the stock added 66 cents, or 5.4 percent, to $12.94.
NAME_Timothy F. Geithner AGE-BIRTH DATE-LOCATION-47; August 18, 1961, New York City.
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