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CXMT’s New Chip Architecture Sends Samsung, SK Hynix Down

By Drooid · · How we work

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Story summary
  • CXMT reported key progress on a new cell architecture, prompting U.S. chipmakers' shares to fall.
  • The Philadelphia Semiconductor Index (.SOX) slid 1.5%, marking its fifth straight decline and four-week low.
  • Samsung Electronics fell over 7% after the CXMT news.
  • SK Hynix dropped more than 10% after the CXMT news.
  • Despite recent losses, the .SOX is up over 70% year-to-date on AI demand hopes.