Himax, Teradyne, Entegris, IPG Photonics, and Universal Display Shares Plummet, What You Need To Know

Shares of Himax, Teradyne, Entegris, IPG Photonics, and Universal Display fell in the afternoon session due to rising geopolitical tensions stemming from the Iran war, which threatens critical supply chains. The conflict particularly impacts the supply of essential gases like helium, vital for semiconductor manufacturing, causing concerns for major chip fabricators and cascading effects across the tech industry. This uncertainty has contributed to a broader market downturn, pushing the Nasdaq into correction.