US chip stocks fall after Intel's downbeat rev forecast, dividend suspension
** Shares of U.S. chip stocks fall in premarket trading after Intel INTC.O suspends dividend, plans to cut 15% of workforce
** The chipmaker also forecasts Q3 revenue between $12.5-$13.5 bln, while analysts were expecting $14.35 bln - LSEG data
** INTC's downbeat forecast sent its shares down 22% in premarket trading
** Networking chipmakers Broadcom AVGO.O and Marvel Technology MRVL.O slide 1.9% and 1.5%, respectively, while smartphone chipmaker Qualcomm QCOM.O loses 1.8%
** Advanced Micro Devices AMD.O - INTC's peer that makes chips for personal computers, servers and AI chips - down 2%
** U.S.-listed shares of contract chipmaker Taiwan Semiconductor Manufacturing TSM.N and memory chipmaker Micron Technology MU.O slump 4% and 3.4%, respectively
** U.S.-listed shares of Arm Holdings ARM.O 5% lower
** AI chipmaker Nvidia NVDA.O falls 3% after a report the U.S. DOJ is probing co over rival complaints
** Shares of chip-making equipment company like Applied Materials AMAT.O down 3%
** The iShares Semiconductor ETF SOXX.O and the VanEck Semiconductor ETF SMH.O fall over 3% each
** The Philadelphia Semiconductor Index .SOX logged its third straight session of declines on Thursday; has added 16.4% YTD, until last close
Reporting by Purvi Agarwal in Bengaluru
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