Chip stocks sold off sharply by the close of U.S. trading, according to data from MSX.COM. The Philadelphia Semiconductor Index fell 7.2%, marking its biggest decline since June. Intel posted a 28.58% drop, its largest single-day fall in more than four decades. Other semiconductor names also moved lower, with SanDisk down more than 13%, Qualcomm down more than 11%, AMD down more than 10%, and ARM down more than 9%. Seagate Technology, Western Digital, and Applied Materials each fell more than 7%, while ASML and Lam Research lost more than 6%. Taiwan Semiconductor Manufacturing Co. and Broadcom both declined more than 5%.
Odaily reported, citing data from MSX.COM, that U.S. chip stocks closed sharply lower. The Philadelphia Semiconductor Index fell 7.2%, its biggest decline since June.
Among individual names, Intel dropped 28.58%, marking its largest single-day decline in more than four decades. SanDisk fell more than 13%, Qualcomm lost more than 11%, AMD dropped more than 10%, and ARM fell more than 9%.
Seagate Technology, Western Digital, and Applied Materials each declined more than 7%. ASML and Lam Research fell more than 6%, while Taiwan Semiconductor Manufacturing Co. and Broadcom each lost more than 5%.
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