🔴 Semiconductor ETF (SMH3.L) is trading 3.9% down amid chip-equipment weakness after Lam Research fell

SMH3.L is trading at $12.00 (-3.90%) amid chip-equipment weakness after Lam Research shares fell 6.64% after hours.

• Lam Research reported results and guidance above expectations.
• The Philadelphia Semiconductor Index rose 1.97% on October 21, while Texas Instruments reported stronger-than-expected results; the ETF’s decline does not align with the prior-session chip-index gain.
• Broader doubts about AI investment and geopolitical risk may add pressure.