Global X Semiconductor ETF (SEMI) — Review & Analysis

SEMI is the only dedicated semiconductor ETF on the ASX, tracking the Solactive Global Semiconductor 30 Total Return Index. The fund holds 30 of the largest global semiconductor companies — Nvidia, TSMC, ASML, Broadcom, AMD, Texas Instruments, Qualcomm, Lam Research and others. AUM is $1.01 billion as at May 2026 with a 0.45% p.a. management fee. Compare SEMI across the tech cohort on our tech ETF page or use the Compare ETFs tool to evaluate against NDQ, FANG or TECH.

Semiconductors are the most direct exposure to the AI infrastructure build-out. Nvidia, AMD and Broadcom dominate AI chip design; TSMC manufactures the most advanced AI silicon; ASML supplies the EUV lithography machines without which advanced chips can't be made. SEMI captures this entire value chain in 30 holdings, with the result that the fund trades heavily on AI capex sentiment and forward orders rather than broader market movements.

SEMI sits in a different niche to NDQ (broad Nasdaq), FANG (10 mega-caps) and TECH (broader global tech). All four funds overlap on Nvidia and Broadcom, but SEMI is the only product that drills exclusively into the chip supply chain. The 0.45% fee is competitive — meaningfully below specialist sub-themes like HACK at 0.67%.

SEMI is unhedged. Single-sector concentration means SEMI is more volatile than diversified tech alternatives — it has historically swung 30-50% peak-to-trough during semiconductor cycles. Our AI boom beyond NDQ guide covers SEMI alongside other AI infrastructure plays from chips to uranium.