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When the Southbridge fails, connectivity to peripherals may be lost because the Southbridge is responsible for managing communication between the CPU and various I/O (input/output) devices, such as USB ports, audio input/output, and other peripheral connections. The Southbridge handles more of the lower-speed functions and interfaces, so if it fails, the components and devices that rely on it will be unable to communicate with the CPU effectively. This can lead to issues such as unresponsive peripherals or complete loss of functionality for connected devices, making this option the most accurate reflection of the consequences of a Southbridge failure.
In contrast, a slow boot (like the first option) may occur for various reasons but is not directly tied to Southbridge functionality. The speed of CPU processing (the third option) would not increase due to a Southbridge failure, as the failure would more likely hinder communication rather than enhance performance. Lastly, the statement that nothing happens (the last option) is misleading; while the Southbridge may not be as critical as the Northbridge for overall system performance, its failure does lead to significant connectivity issues.