VanEck’s launch of the SMHX ETF is a strategic move that aligns with the growing demand for specialized exposure to the semiconductor industry. As the semiconductor space continues to evolve, driven by advancements in AI and other emerging technologies, fabless companies are at the forefront of innovation. By focusing on design and development, these companies can respond swiftly to market demands without the burden of manufacturing overhead. SMHX provides investors with a targeted opportunity to capitalize on the agility and R&D focus of fabless semiconductor firms, making it a compelling addition to a diversified equity portfolio.