🔴 SmartKem is trading 6.8% down today as TSMC forecast weighs on chip sector

SmartKem is trading 6.8% down today at $0.19 as broad semiconductor weakness follows TSMC's capital spending forecast.

• The move gives back part of yesterday’s oversold rebound while staying within its recent micro-cap volatility range.
• The broader chip sector is facing pressure after TSMC’s higher capital spending forecast sparked concerns across the industry.
• No fresh company-specific news or filings have been released to drive today’s specific price movement.