Chip Stocks Pummeled. SK Hynix Dives. SOX Socked Again.

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11:40 AM ET 07/16/2026

Chip stocks fell hard for the second straight trading session on Thursday, led by declines for memory-chip makers such as SK Hynix (SKHY). The Philadelphia semiconductor index, known as SOX, slid more than 3% in late morning trades on the stock market today. The SOX includes the 30 largest chip stocks traded in the U.S. Among SOX components, the biggest…