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![Flag of USA and China on a processor, CPU or GPU microchip on a motherboard. US companies have become the latest collateral damage in US - China tech war. US limits, restricts AI chips sales to China.](https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1422453682/image_1422453682.jpg?io=getty-c-w750)
William_Potter
Change traded funds centered on the semiconductor sector have been within the highlight Monday amid indications {that a} chip warfare between China and the US is heating up as soon as once more.
Over the weekend, Beijing introduced the ban of chip maker Micron Applied sciences (NASDAQ:MU) from its most delicate infrastructure initiatives. This got here as China anxious that merchandise made by US-based MU represented a nationwide safety danger.
Shares of the Boise, Idaho-headquartered agency dropped 3% in Monday’s intraday motion, sliding to close the $66 stage. Many traders at the moment are anxious concerning the longer-term results MU will face together with different chip names which might be additionally concerned with China.
Because of this to the newest information, trade traded funds that supply publicity to the semiconductor market have come underneath microscope. Extra particularly, the 257 ETFs which have positions in MU are being intently watched.
Listed here are the 5 ETFs with the heaviest allocations in the direction of Micron Applied sciences (listed with MU’s weighting throughout the fund):
- First Belief Nasdaq Semiconductor ETF (FTXL) at 8.79%.
- Invesco Dynamic Semiconductors ETF (PSI) at 5.58%.
- Attempt U.S. Semiconductor ETF (SHOC) at 4.63%.
- VanEck Semiconductor ETF (SMH) at 4.48%.
- iShares Semiconductor ETF (SOXX) at 4.30%.
Extra on the China Tech Battle
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