VanEck's Fabless Semiconductor ETF (SMHX) has achieved two significant milestones: its one-year anniversary and surpassing $100 million in assets. The ETF uniquely focuses on fabless semiconductor companies that design and market chips while outsourcing manufacturing.
SMHX provides targeted exposure to AI hardware innovation through companies like Astera Labs and Arm, capturing both immediate AI infrastructure development and long-term adoption opportunities. The fund complements VanEck's larger semiconductor ETF, SMH, which has approximately $26.5 billion in assets.
VanEck has launched the VanEck Fabless Semiconductor ETF (SMHX), targeting companies that design chips but outsource manufacturing. This ETF complements VanEck's existing $23 billion Semiconductor ETF (SMH). SMHX focuses on fabless semiconductor companies that allocate more resources to innovation and R&D, avoiding high manufacturing costs.
SMHX tracks the MarketVector™ US Listed Fabless Semiconductor Index (MVSMHX), including companies with at least 50% of revenues from fabless semiconductor business. The fund aims to capitalize on the CHIPS Act and increasing demand for semiconductors in AI and other technologies. VanEck positions SMHX as an opportunity for investors focused on innovation and R&D in the semiconductor industry.