While shares in the sector are under pressure, several companies are positioned well for the rest of the year.

'Investors might be underappreciating the newfound pricing power of chip suppliers,' Bank of America analysts said.

Stocks end mixed as rising Treasury yields and a looming global power crisis are holding down broader gains on Wall Street.

Microchip said the split will "increase trading liquidity and to place the stock in a more attractive trading range for retail investors."

Crypto firm Nexo is reviewing the assets of lender Vauld with the intent of acquiring the struggling crypto financial services company.

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

Stocks bounce back as tech stocks surge as investors focus on growth and inflation prospects in the world's biggest economy.