(SMHX) Fabless Semiconductor - NASDAQ
ETF Category: Technology | Exchange: NASDAQ (USA) | Market Cap: 295m USD | Total Return: 97.7% in 12m
Avg Turnover: 7.65M
Warnings
No concerns identified
Tailwinds
Shakeout, Rs Leader
The VanEck Fabless Semiconductor ETF (SMHX) tracks a benchmark index of U.S.-listed companies that generate a minimum of 50% of their revenue from the semiconductor industry. To maintain eligibility, these firms must operate under the fabless business model, meaning they design and market hardware while outsourcing the physical fabrication to third-party foundries. This strategy allows companies to avoid the high capital expenditures associated with maintaining multi-billion dollar manufacturing plants, known as fabs.
The semiconductor sector is characterized by high research and development costs and cyclical demand driven by advancements in artificial intelligence and consumer electronics. Because SMHX is classified as non-diversified, it can hold larger relative positions in a smaller number of specific issuers compared to diversified funds. For deeper insights into individual holdings and valuation metrics, consult the data available on ValueRay. This focus on design-centric firms provides concentrated exposure to the intellectual property segment of the global chip supply chain.
- AI chip demand for data centers drives revenue growth for top holdings
- Geopolitical tensions and export controls impact sales to the Chinese market
- High interest rates increase capital costs for fabless design and R&D
- Foundry capacity constraints and pricing power affect gross margins for designers
- Consumer electronics demand cycles dictate inventory levels and short-term revenue volatility
As of June 11, 2026, the stock is trading at USD 57.92 with a total of 365,414 shares traded.
Over the past week, the price has changed by -14.65%,
over one month by +1.35%,
over three months by +51.79% and
over the past year by +97.73%.
Fabless Semiconductor has no consensus analysts rating.