On September 3, Western Digital fell 4.23% in regular trading, trading at $425.23/share, with turnover of $175 million. The decline came amid broad-based selling across the storage chip sector.
On the news front, US Commerce Secretary Howard Lutnick stated that the US plans to introduce a set of targeted, carefully designed tariff policies specifically aimed at semiconductors. Lutnick explicitly linked tariff relief to companies building production facilities on US soil. In response, South Korea's presidential office noted that the specific tariff plan has not yet been finalized and pledged to maintain close consultation with the US to minimize adverse impacts on Korean firms.
The tariff threat triggered sector-wide weakness. SK Hynix fell over 3% in pre-market trading, while Broadcom dropped over 3%. SanDisk, Micron Technology, Seagate Technology, and Intel all declined. Within the Technology Hardware, Storage & Peripherals sector, Hewlett Packard Enterprise fell 8.97%, Seagate dropped 4.44%, SanDisk declined 2.07%, and Dell Technologies slid 1.88%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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