Chip stocks dropped in premarket trading. United Microelectronics down 7%; Direxion Daily Semiconductors Bull 3x Shares down 5%; SK hynix down 4%; SanDisk Corp., Micron Technology, Astera Labs, Inc., Wolfspeed Inc., Western Digital down 3%; Semtech, Marvell Technology, ARM Holdings, Intel, Credo Technology Group Holding Ltd, Advanced Micro Devices, Applied Materials down 2%.
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