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Asian semiconductor companies exposed to the artificial intelligence boom underperformed on Thursday after the Federal Reserve signalled fewer interest rate cuts next year.
Taiwan Semiconductor Manufacturing Company, the world’s largest chip foundry and a key producer for Nvidia, lost 2.3 per cent versus a 1.8 per cent fall in the benchmark Taiex index.
In South Korea, SK Hynix, a key supplier of memory chips for Nvidia, fell 5 per cent compared with a 1.6 per cent decline in the Kospi index. Samsung Electronics lost 2.9 per cent.
In Japan, Tokyo Electron, one of the world’s largest semiconductor equipment manufacturers, fell 1.2 per cent compared with a 0.2 per cent decline in the Topix.
in HTML format to make it easy for teens to read and understand. Create appropriate headings and subheadings to organize the content. Ensure the rewritten content is approximately 1000 words. At the end of the content, include a “Conclusion” section and a well-formatted “FAQs” section.
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