🔴 Silicon Motion Technology is trading 5.6% down in pre-market amid semiconductor weakness after Lam's 8% drop

Silicon Motion Technology is trading at $209.84, down 5.61%, amid semiconductor-sector weakness.

• No company-specific announcement was identified; the company’s next earnings are scheduled for October 28.
• Lam Research fell about 8% overnight amid shipment constraints and a projected decline in China revenue.
• U.S. futures and major indexes are lower, while the semiconductor sector is down 3.64% pre-market.