Movement Alert|VanEck Semiconductor ETF Rises 3.07% in Regular Trading, Broad-Based Chip Rally Fueled by Supply Chain Tightness and Bullish Demand Outlook

Market Focus
Sep 21

On September 21, VanEck Semiconductor ETF rose 3.07% in regular trading, trading at $590.94/share, with turnover of $1.886 billion.

The rally was driven by a confluence of bullish catalysts across the semiconductor industry. NVIDIA CEO Jensen Huang projected that NVIDIA chip sales will double year-over-year by 2027, reinforcing confidence in sustained AI-driven demand. Meanwhile, global power semiconductor manufacturers have initiated a second round of price hikes, and delivery lead times for critical semiconductor equipment components in South Korea have doubled, with CoWoS advanced packaging supply remaining severely constrained. Applied Materials announced a $5 billion, 10-year investment plan in India to expand R&D and supply chain capabilities. Intel rallied over 7% after its 14A process node was reported ahead of schedule, while ARM surged over 8%, and Micron gained over 5%, lifting the Philadelphia Semiconductor Index by 3.14%.

The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, which includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry.

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