Why Chip Stocks Bounced Higher on Monday

Fears of U.S. restrictions on the sector's trade with China seem to be fading.What a difference a week can make on the stock market.This truism seemed to be very much in force for microchip stocks on Monday. After last week's sell-off, many got off to a roaring start with the new trading week. Asian powerhouse Taiwan Semiconductor Manufacturing (TSM 2.16%) rose by over 2% on the day, as did its busy U.S. peer Broadcom (AVGO 2.36%). Lapping them both was chipmaking equipment specialist Lam Research (LRCX 6.5 ...