Mirae Asset CI

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South Korea’s Mirae Asset Global Investments Co. announced the launch of its “TIGER U.S. Philadelphia AI Semiconductor Nasdaq ETF on Tuesday.

This exchange-traded fund is designed to select and invest in companies leading the artificial intelligence (AI) semiconductor market, focusing specifically on those involved in the design and production of AI semiconductors such as equipment and foundry companies.

The ETF is currently investing in Nvidia Corp. (23.3 percent), Taiwan Semiconductor Manufacturing Co. (TSMC, 18.5 percent), and Broadcom Inc. (14.8 percent) among others as of Monday.

The ETF tracks the “U.S. AI Philadelphia Semiconductor Index (ASOX),” which is calculated jointly by Mirae Asset Global Investments and the Nasdaq Stock Exchange.

“The global semiconductor market is undergoing rapid changes as AI emerges as a new growth theme,” Lee Jeong-hwan, head of ETF management division 1 at Mirae Asset Global Investments, said. “This ETF is positioned as a leader in the growth of next-generation AI semiconductors and will provide a definitive solution for investment in the AI era.”