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At a time when the media reported that Nvidia's board of directors was preparing to dismiss Hwang In-hoon after a number of extramarital affairs, trends in Asian chip-related stocks were mixed. According to a source familiar with the matter, Nvidia's board of directors has been working with an external agency to find a potential successor to Hwang In-hoon. Nvidia's stock price fell about 10% during after-hours trading, then the decline narrowed somewhat. In the Asian market, shares of some Nvidia suppliers declined, while the broader chip supply chain was boosted by the rise of American peers on Wednesday. In Japan, Nvidia supplier Ibi Electric's stock price plummeted by 7.8%; Edwin Test fell 5%. According to the data, 29% of Ibi Denshi's sales came from Nvidia, and the Edwin test was 22%. Among other chip stocks, Kioxia rose by as much as 3.7%; Tokyo Electronics rose 3.5%. In South Korea, Nvidia's main supplier SK Hynix's shares rose after erasing the 1.8% decline in early trading; ISC fell 3.3%, and Leeno Industrial fell 1.4%. Nvidia accounts for 27% of SK Hynix's sales and 17% for Leeno. Among other individual stocks, Samsung Electronics' stock price rose by as much as 3%.
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At a time when the media reported that Nvidia's board of directors was preparing to dismiss Hwang In-hoon after a number of extramarital affairs, trends in Asian chip-related stocks were mixed. According to a source familiar with the matter, Nvidia's board of directors has been working with an external agency to find a potential successor to Hwang In-hoon. Nvidia's stock price fell about 10% during after-hours trading, then the decline narrowed somewhat. In the Asian market, shares of some Nvidia suppliers declined, while the broader chip supply chain was boosted by the rise of American peers on Wednesday. In Japan, Nvidia supplier Ibi Electric's stock price plummeted by 7.8%; Edwin Test fell 5%. According to the data, 29% of Ibi Denshi's sales came from Nvidia, and the Edwin test was 22%. Among other chip stocks, Kioxia rose by as much as 3.7%; Tokyo Electronics rose 3.5%. In South Korea, Nvidia's main supplier SK Hynix's shares rose after erasing the 1.8% decline in early trading; ISC fell 3.3%, and Leeno Industrial fell 1.4%. Nvidia accounts for 27% of SK Hynix's sales and 17% for Leeno. Among other individual stocks, Samsung Electronics' stock price rose by as much as 3%.
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