Lab · Sector Engine · Tech theme

Semiconductors

The chips that train and run everything. Includes design (Nvidia, AMD, Broadcom, Qualcomm), foundries (TSMC, Intel), memory (SK Hynix, Micron), and equipment (ASML, Applied Materials, Lam Research). The single most-concentrated sub-sector in our Tech universe — top 10 names = ~75% of cap-weighted exposure.

Primary ETF: SMH.US · Alternates: SOXX.US

Snapshot Aug 23, 2026 · refreshed daily.

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Semiconductors vs Global Tech

How SMH.US performs against the GICS Tech sector aggregated across our four regions (US 0.66 / Europe 0.17 / Asia-Pac DM 0.06 / EM 0.11). Positive numbers mean this theme is outperforming the broader sector.

Window	Semiconductors (SMH.US)	Global Tech	Spread

All 7 Tech themes side-by-side

The full theme block sorted by 1-month return. Click a theme to drill in.

Theme	5d	1m	3m	YTD	Source

Closelook IP overlap

Closelook-proprietary indices that overlap this theme. None is a one-to-one match — the indices are screen-driven (functional, hypergrowth, agentic), the theme ETFs are taxonomy-driven. Use the indices for the strategy view, the theme ETF for the unfiltered exposure.

Rubin 100

AI-buildout index — semis sub-cohort tracks the chip layer of the stack (design, foundry, equipment, packaging).

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HALO 100

High-Altitude Outperformers — semi-equipment and packaging names appear via the broader hypergrowth screen.

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Reading Semiconductors against the engine

The theme is measured through SMH (alternates: SOXX) — common vehicles for this exposure, named for education, not recommendation. Two comparisons carry the information: the theme against the global Technology sector (is the theme leading or lagging its own sector?) and against its sibling themes on this desk (where inside tech the money actually sits). Daily readings load above; the dispersion desk shows who inside each vehicle is doing the work.

Diary view, not advice. Methodology in methodology.md. Back to Technology sector · global heatmap.

FAQ · from the current data

Semiconductors — data Q&A

What does the Semiconductors theme cover?

Which vehicle measures Semiconductors here?

SMH.US is the primary series, with SOXX.US as alternates; returns are close-to-close on the fund, shown over 5-day, 1-month, 3-month and year-to-date windows next to the global Technology sector row of the 11×4 matrix. Fund names orient the reader — they are not recommendations.

Which Closelook indices overlap with Semiconductors?

Rubin 100: AI-buildout index — semis sub-cohort tracks the chip layer of the stack (design, foundry, equipment, packaging). HALO 100: High-Altitude Outperformers — semi-equipment and packaging names appear via the broader hypergrowth screen.

How often does it refresh?

Daily, after each regional market close, with the rest of the Sector Engine (11 sectors × 4 regions plus the tech themes). The snapshot date is stamped on the page.