SMH3.L is trading at $8.88 (-3.45%) as concerns that Democrats’ confirmed control of Congress could bring tighter oversight of AI and data-center projects weigh on semiconductor sentiment.
- Asian chip stocks also sold off as those concerns emerged.
- U.S. chip shares had rallied on November 3, while AMD’s strong results and outlook offered support.
- The move appears tied to regulatory and AI-investment uncertainty, not uniformly weak chip trading.