Texas Instruments and its primary analog rival are sliding sharply, extending a severe repricing across the semiconductor sector that has swept through Wall Street and Asian markets.
The decline marks a stark reversal for an industry that had previously seen valuations more than double, as selling pressure intensified on Tuesday.
Wall Street chip manufacturers plunged 7% in the session, with analog specialists bearing the brunt of the sell-off.
Wall Street chip manufacturers plunged 7% in the session, with analog specialists bearing the brunt of the sell-off.
A wave of liquidations swept through global technology equities, signaling a broad-based loss of confidence in the sector’s near-term momentum.
The pressure extended from US exchanges to Asian markets, where semiconductor manufacturers faced the steepest declines.
The move comes despite recent positive signals from the broader technology ecosystem.