TER - Cree leads decliners as semiconductor stocks underperform tech industry

The Philadelphia Semiconductor Index is down is down 4.8% versus the 1.9% decline for the broader tech sector (XLK) as last week's tech rout continues.Semiconductor shares are up against a global chip shortage and flaring US-China tensions.Top decliners in the index include Cree ([[CREE]] -10.1%), Monolithic Power Systems ([[MPWR]] -7.4%), Teradyne ([[TER]] -7.5%) , and Lam Research ([[LRCX]] -7.0%).Last week, semiconductor equipment stocks were on the move after a report that the U.S. is slowing supply license approvals for Chinese chip giant SMIC.

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Cree leads decliners as semiconductor stocks underperform tech industry