Chip-related stocks slump in Japan, South Korea, and Taiwan after US curbs on China; the PHLX chip index fell to its lowest level since November 2020 on Monday (Naoto Hosoda/Bloomberg)

Wall Street Journal:
Robinhood launches Investor Index, updated monthly, to track the performance of the 100 most popular stocks in its app, weighting users’ “conviction” in them  —  Robinhood Markets is launching an index to track the favorite stocks of its millions of predominantly young, social-media-savvy customers.

Reuters:
Sources: Biden admin plans more curbs on US shipments to China of chipmaking tools and chips for AI, affecting Lam Research, Applied Materials, KLA Corp, others  —  The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence …

Sam Kim / Bloomberg:
South Korea’s trade ministry data shows its DRAM chip exports fell 24.7% YoY in August 2022, the biggest drop since 2019, indicating a deepening slump in demand  —  South Korea’s exports of its most lucrative memory chip fell by the most since 2019, indicating a deepening slump in technology demand central to global economic growth.

Anton Shilov / Tom’s Hardware:
Report: discrete and integrated GPU shipments fell 25.1% YoY to 75.5M in Q3, desktop GPUs fell 15.43% YoY, and notebook 30% YoY, the biggest drop since 2009  —  Intel solidifies GPU positions amid graphics market slump.  —  Shipments of integrated and discrete graphics processing units dropped …

Financial Times:
Fears of Chinese retaliation and regional tensions are hampering US efforts to rally South Korea, Japan, and Taiwan behind the “Chip 4” semiconductor alliance  —  Internal tensions and concerns over China undermine proposed grouping with South Korea, Japan and Taiwan

Harmeet Singh Walia / Counterpoint Research:
Global smartphone shipments fell 12% YoY to 301M units in Q3 2022, the lowest Q3 level since 2014; Apple was the only top-five brand to grow YoY, up 2%  —  – The global smartphone market declined by 12% YoY even as it grew by 2% QoQ to reach 301 million units in Q3 2022.