onsemi, Skyworks Solutions, and Microchip Technology Shares Plummet, What You Need To Know - Yahoo Finance UK

On July 2, 2026, the global semiconductor industry experienced a significant market correction, with shares of analog chipmakers such as onsemi, Skyworks Solutions, and Microchip Technology plummeting... Read original →

The AI chip demand reversal exposes fragility across the tech stack. Meta’s plan to lease AI capacity signals slower GPU and HBM procurement, directly pressuring SK Hynix and Samsung’s memory orders and dampening near-term EUV utilization for ASML. Analog players like onsemi and Microchip are collateral damage, reflecting repricing of edge-AI deployment timelines. On compliance, Apple’s potential shift to Chinese suppliers risks scrutiny under the U.S. CHIPS Act, inflating supply chain restructuring costs. Geopolitically, Korean memory giants are caught between U.S.-China tech decoupling, while European firms like Infineon and STMicroelectronics fortify automotive and industrial moats. Over the next 12–24 months, brutal consolidation looms: capex concentrates among TSMC and Samsung, mid-tier foundries face M&A pressure, and AI chip investment shifts from ‘build-at-all-costs’ to ROI discipline—only vertically integrated players will survive the cycle.