U.S. Nasdaq unveils AI chip index for first time in Korea

Emily Spurling, Senior VP of Nasdaq, delivers a welcome speech at the ‘Nasdaq×TIGER ETF’ seminar in Seoul on the 9th. [Courtesy of Mirae Asset Global Investments]

The Nasdaq Stock Market, one of the major stock exchanges in the United States, unveiled the PHLX U.S. AI Semiconductor Index (ASOX), which focuses on artificial intelligence (AI) investments, for the first time in South Korea.

ASOX is designed to track the performance of companies engaged in the AI semiconductor value chain – home to fabless firms, electronic design automation (EDA) companies, and foundries.

Mirae Asset Global Investments Co. and Nasdaq hosted the Nasdaq Seminar on Monday, the first conference of its kind for global investors in Seoul, to announce the launch.

ASOX is composed solely of companies in the value chain. The index includes 20 companies listed on major U.S. exchanges with a market cap of more than $300 million.