US chip stocks continued their decline, with the Philadelphia Semiconductor Index falling as much as 7%.

US semiconductor and memory stocks rallied across the board, with SanDisk rising over 10%.

The Philadelphia Semiconductor Index rose more than 4%, and Intel (INTC.O) rose more than 10%.

Inflation hit a three-year high, dragging down the US stock market; the Dow Jones Industrial Average fell and chip stocks continued to be under pressure.

US stock futures fell across the board, with chip stocks experiencing a pre-market sell-off; Micron Technology and ARM both dropped more than 6%.

US chip stocks rose, with Micron Technology and Intel surging over 5%.

South Korea's KOSPI index hit a new closing high, led by chip and auto stocks.

US semiconductor stocks fell across the board, with the Nasdaq Composite Index retreating below 26,000 points.

US semiconductor ETFs fell in pre-market trading.

Top foreign institutions once again focus on semiconductor investment opportunities