Global chip stocks suffer a decline due to Intel's 22% share drop.

• On Friday, global semiconductor stocks declined due to Intel's disappointing earnings report, which caused its shares to plummet, and a broader market sell-off negatively impacted technology companies.
• On Friday, Intel's shares dropped more than 20% in premarket trade in the U.S., following the company's announcement of a significant earnings miss in the June quarter and its plans to lay off over 15% of its workforce.
• The stock prices of Asian chip companies such as Samsung and TSMC, as well as European chip firms like ASML, decreased.

On Friday, global semiconductor stocks declined due to Intel's disappointing earnings report, which caused its shares to plummet, and a broader market sell-off negatively impacted technology companies.

On Friday, shares of the company fell 21.51% at 04:37 a.m. ET in premarket trade in the U.S. after the company reported a big miss on earnings in the June quarter and announced that it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan.

In Asia, TSMC, the world's largest chip manufacturer, closed 4.6% lower in Taiwan, and Samsung, the largest memory semiconductor firm globally, was also more than 4% lower at the end of the session in South Korea.

SK Hynix, a Samsung rival and a supplier to Nvidia in the US, experienced a significant decline, ending the day more than 10% lower.

In Europe, the sell-off continued, with shares of companies that sell cutting-edge chip tools falling more than 6% at around 4:23 a.m. ET. Both and , which also trade in the Netherlands, were off by 9%.

The semiconductor industry is experiencing mixed results, with some companies, like Intel and Nvidia, benefiting from the AI boom, while others, like AMD and Arm, are not yet seeing the financial benefits of the technology.

The global equity sell-off, which started in the U.S. and spread to Asia and Europe, put additional pressure on chip stocks, particularly those listed on the tech-heavy Nasdaq.

On Thursday, the VanEck Semiconductor ETF, comprising significant companies in the industry, experienced a decline of approximately 6.5% in the U.S. market.

On Friday, several significant U.S. chip companies experienced a decline in pre-market trading, with their stock prices falling approximately 3%.