VanEck Launches SMHX: Targeted Exposure To Fabless Semiconductor Designers
VanEck Fabless Semiconductor ETF (SMHX)
Company Research
Source: Business Wire
SMHX targets fabless semiconductor companies that focus on design and R&D rather than manufacturing, and builds on VanEck’s suite of thematic equity ETFs, which includes the $23 billion VanEck Semiconductor ETF (SMH).Fabless chip companies avoid the high costs of owning manufacturing facilities and can deploy more resources towards innovation, making them well-equipped to adapt to new technologies, market demands, and scaling needs. NEW YORK--(BUSINESS WIRE)--VanEck is today announcing the newest addition to its suite of thematic equity ETFs: the VanEck Fabless Semiconductor ETF (SMHX), targeting semiconductor companies that design and develop chips but outsource their manufacturing.Unlike integrated chip manufacturers, fabless companies focus solely on chip design and development and outsource their production. This approach allows them to avoid the high costs of owning manufacturing facilities, allocating resources instead to invest heavily in research & development and respond m
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