🔴 Semiconductor ETF (SEMI.AX) is trading 4.47% down as Chinese memory-chip competition pressures chip stocks

SEMI.AX is trading at A$37.22, down 4.47%, as semiconductor weakness reflects concerns about Chinese memory-chip competition and the returns and financing of AI infrastructure spending.

• The Philadelphia Semiconductor Index fell 1.5%, its fifth consecutive decline, as memory-linked stocks led the selloff.
• CXMT’s progress on a denser memory-chip architecture added competitive pressure, particularly for Micron and other memory makers.
• ASML shares were lower in Europe ahead of its scheduled October 14 results, adding to sector caution.