On June 23, Silicon Motion fell 7.98% in regular trading, trading at $304.18/share, with turnover of $36.97 million.

On the news front, Korean market storage concept stocks crashed during the Asian session, triggering a broad sell-off that spread to US-listed storage names. The storage ETF plunged over 12%, while peers including SanDisk and Micron Technology fell over 9%, Western Digital and Silicon Motion dropped over 8%, Seagate declined over 7%, and Rambus lost over 6%. The broader semiconductor sector also faced pressure, with TSMC down 5% and ASML falling 7%.

The sell-off marks a sharp reversal from the prior week's rally, which was fueled by a storage supply shortage narrative. Silicon Motion had climbed to $347.50 on June 22, supported by company executives warning that NAND shortages were just beginning and institutional upgrades including a new Buy rating citing the company's leadership in 6nm PCIe 5.0 SSD controller chips.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)