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Kioxia Drops 50% in One Month as Global Semiconductor Sector Remains Under Pressure

2026-07-18 04:57:27

TSM-2.97%

According to BlockBeats, Kioxia shares plunged 16% on July 18, down about 50% from their peak a month earlier. The Philadelphia Semiconductor Index (SOX) has retreated roughly 21% from its June 22 all-time high, officially entering a technical bear market. Other Japanese chipmakers, including Ibiden and Tokyo Electron, declined 8% to 10%, while TSMC fell 7% despite posting better-than-expected earnings and raising guidance.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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