SICC's stock plummeted 8.33% during intraday trading on Monday, as the broader semiconductor sector faced significant selling pressure.

The decline was triggered by reports that the National Integrated Circuit Industry Investment Fund has been progressively reducing its holdings in multiple core semiconductor names, including SICC. This move by a major industry investor sparked sector-wide caution and triggered a wave of selling.

Additionally, the stock's sharp decline follows a significant rally earlier in the week, where shares surged over 16% driven by AI power supply demand narratives for silicon carbide. This created conditions for concentrated profit-taking, further weighing on the stock price during the session.