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Asia’s semiconductor and associated stocks slipped Wednesday morning, following a steep plunge in Nvidia’s share price in the U.S. overnight.<\/p>\n
In the U.S., chipmaker\u00a0Nvidia<\/a><\/span><\/span><\/span>\u00a0plunged more than 9% in regular trading, leading semiconductor stocks lower amid a sell-off on Wall Street<\/a>. Economic data published Tuesday resurfaced jitters about the health of the U.S. economy. Nvidia shares continued sliding in post-market trading Tuesday, falling 2%, after\u00a0Bloomberg reported<\/a>\u00a0that the company received a subpoena<\/a> from the Department of Justice as part of an antitrust investigation.<\/p>\n Nvidia’s value chain extends to South Korea, namely, memory chip maker SK Hynix and conglomerate Samsung Electronics.<\/p>\n Samsung shares slid 2.6%, while SK Hynix fell more than 6%, dragging the wider Kospi index down 2.5%. The small-cap Kosdaq fell 3%. SK Hynix\u00a0provides high bandwidth memory chips to Nvidia<\/a>, which are\u00a0used in AI chipsets. <\/p>\n Other direct suppliers to Nvidia like Tokyo Electron<\/a><\/span><\/span><\/span> dropped 7%, while semiconductor testing equipment supplier Advantest<\/a><\/span><\/span><\/span> shed more than 8%. <\/p>\n Japanese investment holding company\u00a0SoftBank Group<\/a><\/span><\/span><\/span>, which owns a stake in chip designer\u00a0Arm<\/a><\/span><\/span><\/span>, fell 6%. <\/p>\n Contract chip manufacturer Taiwan Semiconductor Manufacturing Company<\/a><\/span><\/span><\/span> declined 4.3%. TSMC manufactures Nvidia’s high-performance graphics processing units which power large language models \u2014 machine learning programs that can recognize and generate text. <\/p>\n