SmartKem is trading at $0.99, down 6.94% in after-hours trading, as semiconductor shares faced pressure amid concerns about Chinese chipmaker CXMT’s advances in memory technology. - Sector weakness was reported across chip stocks on October 12. - No clear SmartKem-specific announcement was identified for October 12; the company’s listed recent releases were earlier, leaving a company catalyst for the drop unconfirmed. - Overall market indexes were mixed, making broader market direction a less direct explanation.