"AI Semiconductor Focus"... Mirae Asset Global Investments Launches Philadelphia AI Semiconductor ETF

Mirae Asset Global Investments is launching the 'TIGER US Philadelphia AI Semiconductor Nasdaq Exchange-Traded Fund (ETF),' an ETF that exclusively invests in the US AI semiconductor industry.

At the 'TIGER ETF Press Conference' held at Mirae Asset Center One on the 22nd, Namgi Kim, Head of ETF Operations at Mirae Asset Global Investments, is delivering the welcome address. Photo by Hyunseok Yoo

On the 22nd, Mirae Asset Global Investments held a press conference at the Center One Building in Jung-gu, Seoul, announcing that the 'TIGER US Philadelphia AI Semiconductor Nasdaq' ETF will be listed on the Korea Exchange on the 26th of this month.

The 'TIGER US Philadelphia AI Semiconductor Nasdaq ETF' tracks the ‘US AI Philadelphia Semiconductor Index (PHLX US AI Semiconductor Index, ASOX),’ which was jointly developed by Mirae Asset Global Investments and the Nasdaq Stock Market in the US last September.

This index is a newly launched global semiconductor investment index, introduced by the Nasdaq Stock Market for the first time in over 30 years since the 1993 launch of the ‘PHLX Semiconductor Sector (SOX, US Philadelphia Semiconductor Index).’

The index expands the weighting of leading global AI semiconductor companies by selecting only fabless, IP (intellectual property) and EDA (electronic design automation) tool providers, equipment, backend process, and foundry companies connected to the AI semiconductor value chain from the ‘US Philadelphia Semiconductor Index.’

The world’s first ASOX index-tracking ETF, ‘TIGER US Philadelphia AI Semiconductor Nasdaq ETF,’ increases the weighting of fabless companies designing AI semiconductors such as Nvidia and Broadcom. It also actively invests in IP and EDA companies like ARM and Cadence, which hold foundational technologies for AI semiconductors.

At the 'TIGER ETF Press Conference' held at Mirae Asset Center One on the 22nd, Lee Jeong-hwan, Head of ETF Operations Division 1 at Mirae Asset Global Investments (right), and Jeong Eui-hyun, ETF Operations Team Leader, are seen answering questions about the 'TIGER US Philadelphia AI Semiconductor Nasdaq ETF.' Photo by Yoo Hyun-seok

Regarding the background of launching this product, Jeong Hyeon, head of the ETF management team at Mirae Asset Global Investments, explained, "Among ETFs tracking the SOX index, the largest ETF worldwide is the 'TIGER US Philadelphia Semiconductor Nasdaq.' Because of this, Nasdaq has shown significant interest in the Korean market."

Lee Jeong-hwan, head of the ETF Management Division 1 at Mirae Asset Global Investments, said, “As seen from Nvidia’s growth over the past five years, AI has brought significant changes to the semiconductor industry, enough to determine a company’s value. The ‘TIGER US Philadelphia AI Semiconductor Nasdaq ETF’ is a legacy-free semiconductor ETF leading the growth of next-generation AI semiconductors.”

Lee emphasized, "We want to present the world’s first ASOX-tracking ETF as the ultimate investment solution for investors seeking growth in the AI and semiconductor industries. The only product that allows investment in AI semiconductors based solely on US-listed semiconductor companies is the 'TIGER US Philadelphia AI Semiconductor Nasdaq ETF.'"

In addition to the newly listed ‘TIGER US Philadelphia AI Semiconductor Nasdaq ETF,’ Mirae Asset Global Investments is expanding investment opportunities with a diverse lineup of semiconductor and AI investment ETFs. As of the end of October, the total net asset value of semiconductor and AI ETFs listed domestically is 13.9 trillion KRW, with TIGER ETFs accounting for 8.1 trillion KRW (58%). Representative ETFs include 'TIGER US Philadelphia Semiconductor Nasdaq ETF,' 'TIGER TSMC Foundry Value Chain,' 'TIGER Global On-Device AI,' and 'TIGER US AI Semiconductor Fabless.'

Kim Nam-gi, head of the ETF Management Division at Mirae Asset Global Investments, stated, "AI is a great wave and the beginning of a new industrial revolution. At the same time, Korea is approaching a super-aged society by 2025, increasing the importance of securing retirement funds for a prosperous life. Mirae Asset Global Investments will continue to develop innovative growth products through the unique know-how of TIGER ETFs to become a long-term investment partner."