Global shares of semiconductors and related companies fell on Wednesday after Nvidia’s stock price fell sharply in the US overnight.

In the U.S., chipmaker Nvidia fell more than 9% in regular trading, sending semiconductor stocks lower amid a selloff on Wall Street. Economic data released on Tuesday rekindled nerves about the health of the U.S. economy. Nvidia shares continued to slide in post-market trading on Tuesday, falling 2%, after Bloomberg reported that the company had received a subpoena from the Justice Department as part of an antitrust investigation.

About $279 billion in value was wiped off Nvidia on Tuesday, in the biggest one-day market cap drop for a U.S. stock in history. The previous record was held by Facebook parent Meta, which suffered a $232 billion drop in value in a single day in February 2022.

Nvidia’s value chain extends to South Korea, namely memory chip maker SK Hynix and conglomerate Samsung Electronics.

Shares of Samsung closed down 3.45%, while SK Hynix, which supplies high-bandwidth memory chips to Nvidia, fell 8%.

Tokyo Electron fell 8.5%, while semiconductor test equipment supplier Advantest lost nearly 8%.

Japanese investment company SoftBank Group, which has a stake in chip designer Arm, fell 7.7%.

Contract chipmaker Taiwan Semiconductor Manufacturing Company fell more than 5%. TSMC makes Nvidia’s high-performance graphics processing units that power large language models — machine learning programs that can recognize and generate text.

Taiwan’s Hon Hai Precision Industry — known internationally as Foxconn — lost nearly 3 percent. It has a strategic partnership with Nvidia.

Selling in Asia trickled down to European semiconductor stocks. Shares of ASML, which makes critical equipment for the production of advanced chips, fell 5% in early trading. Other European names such as ASMI, Be Semiconductor and Infineon were all lower.