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EZchip Advances in Tel Aviv, Closing Gap with U.S.-Traded Shares

EZchip Semiconductor Ltd., an Israeli developer of network processors, advanced the most in almost a month after shares gained in the U.S. yesterday.

The shares rose 3 percent, the most since June 21 in intraday trading, to 133.1 shekels, or the equivalent of $33.56, at 10:07 a.m. in Tel Aviv. The New York-traded shares gained 3.5 percent to $33.38 yesterday.

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