Chip Stocks Sink After SK Hynix’s 18-Year Crash

The Philadelphia Semiconductor Index (SOX) suffered a broad selloff on Tuesday, with every component falling. The trigger came from South Korea, where SK Hynix, a major memory-chip maker, posted its worst single-day stock drop in 18 years. The decline spread to U.S. chip stocks, including Micron, as investors worried about weakening demand and rising volatility in the global chip market. Analysts say the move reflects growing uncertainty about the sector’s near-term outlook.