VanEck Semiconductor ETF (SMH)
| Assets | $65.06B |
| Expense Ratio | 0.35% |
| PE Ratio | 51.12 |
| Shares Out | 116.19M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 0.18% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 9.89% |
| Volume | 8,986,717 |
| Open | 607.95 |
| Previous Close | 609.45 |
| Day's Range | 602.21 - 624.62 |
| 52-Week Low | 256.05 |
| 52-Week High | 642.77 |
| Beta | 1.73 |
| Holdings | 26 |
| Inception Date | Dec 20, 2011 |
About SMH
Fund Home PageThe VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on Dec 20, 2011 and is issued by VanEck.
Top 10 Holdings
71.00% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 14.51% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 9.27% |
| Micron Technology, Inc. | MU | 7.84% |
| Intel Corporation | INTC | 7.23% |
| Advanced Micro Devices, Inc. | AMD | 7.07% |
| Broadcom Inc. | AVGO | 6.10% |
| Lam Research Corporation | LRCX | 4.91% |
| KLA Corporation | KLAC | 4.88% |
| Applied Materials, Inc. | AMAT | 4.67% |
| ASML Holding N.V. | ASML | 4.51% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $1.1047 | Dec 26, 2025 |
| Dec 23, 2024 | $1.0713 | Dec 24, 2024 |
| Dec 18, 2023 | $1.0427 | Dec 22, 2023 |
| Dec 19, 2022 | $1.2005 | Dec 23, 2022 |
| Dec 20, 2021 | $0.78665 | Dec 27, 2021 |
| Dec 21, 2020 | $0.7511 | Dec 28, 2020 |
Performance
SMH had a total return of 137.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 31.00%.
News
South Korea Has a Chip Conundrum—Huge Profits and a Serious Selloff
Korea has been a hot market but shares are falling back to earth, especially those of memory chip makers Samsung and SK Hynix.
VettaFi Sentiment Check: How Advisors View Markets Right Now
Building resilient portfolios in markets delivering mixed messages can be a challenging affair. In our ongoing engagement with the retail and advisor community at VettaFi, we hear first-hand just how ...
US lawmakers urge tighter rules on contract chipmakers supplying Chinese firms' overseas units
A bipartisan pair of U.S. senators on Monday urged President Donald Trump's administration to tighten rules on chip contract manufacturers such as Taiwan Semiconductor Manufacturing Co to prevent the...
Chip rebound sparks hedging flurry from traders
Despite the overall bearish sentiment on the cohort, traders put a few bullish bets on potential semiconductor winners.
Chip rebound has one trader buying protection
Chip stocks are bounding back Monday, but the rebound doesn't mean tech investors are in the clear, according to Mike Khouw.
AI ETFs: The Next Wave Emerges
The first phase of the artificial intelligence investment trade was relatively straightforward: if you wanted to capture the AI boom using familiar names, you bought semiconductors. The VanEck Semicon...
If the semiconductor rally loses steam, it's retail investors who could get hurt the most
May was the strongest month of the year for buying by retail investors, as individuals piled into semiconductor stocks.
Look to State Street, Invesco, VanEck for Top-Performing ETFs in 2026
The top-performing non-leveraged ETFs of 2026 span a distinct blend of digital assets, next-generation semiconductor technology, and localized international equity plays. For advisors assessing portfo...
Dan Niles: Semiconductor bulls should be ecstatic with sector's price action
Dan Niles, Niles Investment Management, joins 'Power Lunch' to discuss Niles' investing take on the semiconductor sector, the market sentiment on the sector and much more.
Automakers, retailers warn memory chip shortage impacting prices
The drastic shift of memory chips to artificial intelligence data centers could lead to dramatic price hikes in consumer goods and disrupt supply chains, groups representing automakers, retailer...
EU targets Big Tech dependence with 'made-in-Europe' drive
The European Commission proposed new laws on Wednesday to boost domestic cloud, AI and semiconductor industries, aiming to cut reliance on U.S. Big Tech in a move that could ratchet up transatlantic ...
Software stocks just passed a big milestone
Software stocks are making a comeback from their artificial intelligence-driven sell-off earlier this year.
Sen. Warren calls for Trump to close "loophole" allowing AI chips to be sent to overseas units of Chinese firms
Democratic Senator Elizabeth Warren is calling on the Trump administration to close a "loophole" that has potentially allowed advanced American AI chips to be sent to overseas units of Chinese ...
It's been one of the best years to generate alpha in China: Matthews Asia
Matthews Asia's Sean Taylor explains why he remains constructive on China despite the broader indexes lagging some high-performing sectors. He also outlines his South Korea strategy, including an over...
"Price is not an issue" for hyperscalers investing in Taiwan, S Korea's chipmakers: T.Rowe Price
Thomas Poullaouec, Head of Global Investment Solutions, International at T.Rowe Price, says he does not foresee a slowdown in the demand for memory chips despite rising prices.
Huawei bets on speed over shrinking transistors to sidestep US chip sanctions
Huawei's new chip design principle focused on boosting transmission speed rather than continuing to shrink semiconductors offers a path for China to build cutting-edge chips despite U.S. sanctions, t...
This is the greatest time ever for semiconductors, says CEO of key equipment supplier
Applied Materials CEO Gary Dickerson said the semiconductor industry is experiencing its strongest period ever. He said artificial intelligence is driving unprecedented computing demand and long-term ...
The Magnificent Semis?
Shares of chipmakers are rallying this year While the AI spending boom is fueling big gains for lots of tech companies, it's the semiconductor makers that are truly in the chips these days.
Why it's time to start discussing semiconductors like commodities: There may be a supercycle
Ned Davis Research says the bubble argument for chips has some grounding, but that sector may also be looking at the start of a new supercycle.
$5.7 Trillion and Counting. How Much Further Can the Chip Rally Run?
Surging demand for chip makers has lifted major indexes from their wartime malaise.
Nikkei hits record high as AI chip frenzy powers Japan stocks
Japan's Nikkei 225 climbed to a record high on Wednesday, as a rally in semiconductor shares outweighed weakness in banks and real estate stocks. The benchmark index rose 1.25% to 65,811.78 as of 0147...
Semiconductor Index Outlook: Near-Term Upside Limited, Broader Rally Intact
The index remains in a broader uptrend, but near-term upside looks limited as it approaches a 5th-wave peak, with a likely deeper retracement ahead before resuming higher over the long term.
U.S. Semiconductor Stocks Rise Premarket After Asia Rally
U.S. chip and memory stocks rallied premarket following gains for artificial intelligence-related names in Hong Kong and South Korea.
China's No. 2 chip foundry HHGrace says it has 'always been compliant' with U.S. export controls
Daniel Wang, CFO of Shanghai Huahong Grace Semiconductor Manufacturing Corporation, says demand from AI, industrials and automotive clients is keeping its fabs running above full capacity, with moment...
We have had an ‘overweight waiting' on the IT sector since 2022: CFRA Research senior VP
CFRA Research senior vice president and head of technology Angelo Zino explains why Nvidia, AMD, Microsoft and Meta remain top ‘strong buy' picks amid the ongoing AI-driven tech rally on ‘Making Money...
It's Nvidia's World: How Advisors See the Next Phase of AI
Sometimes it feels like it's Nvidia's world, and we are all just living in it. As we brace for the firm's latest earnings report coming Wednesday, we could say that Nvidia (NVDA) earnings — and more i...
Imec CEO calls for stronger AI design push in EU's Chips Act
Europe should aim to create home-grown AI chip design companies, the new head of Belgian research hub imec said on Tuesday, as Brussels prepares a package of measures dubbed Chips Act 2.0.
SaaS-pocalypse Reversal? AI Memory Chips Slide, Software Finds Strength
In a reversal from the SaaS-pocalypse, software is finding strength while AI memory names like Micron (MU) and SanDisk (SNDK) are selling off. Kevin Hincks explains how this all plays into the big pic...
Dan Loeb reveals a stake in a semiconductor ETF: find out more
Billionaire Dan Loeb's flagship hedge fund, Third Point, recalibrated its portfolio in the first quarter of 2026, leaning heavily into the AI trade by initiating a new position in the Vaneck Semicondu...
VIDEO: ETF of the Week: DRAM
On this episode of the “ETF of the Week” podcast, VettaFi's head of research, Todd Rosenbluth, discussed the Roundhill Memory ETF (DRAM) with Chuck Jaffe of Money Life. The pair discussed several topi...
China's CXMT expects revenue to surge as memory chip demand soars
Changxin Memory Technologies (CXMT), China's top memory chipmaker, said on Sunday it expects first-half revenue to reach 110 billion yuan to 120 billion yuan ($17.62 billion), according to a renewed...
US Chip Sector Needs More Talent, Says SEMI
President Trump says he discussed guardrails on AI and Nvidia's H200 chips with Chinese leader Xi Jinping during a two-day summit in Beijing. Shari Liss, vice president of global workforce development...
The Tech Download: Trump's China visit left chip export issue unresolved, with rare earths deal still uncertain
Chip export controls were not discussed during Trump-Xi talks, U.S. Trade Representative Jamieson Greer said in an interview with Bloomberg TV on Friday. Critical minerals and market access for U.S. t...
Chip export controls not major topic in China talks, US trade rep Greer tells Bloomberg News
U.S. Trade Representative Jamieson Greer told Bloomberg TV in an interview on Friday that U.S. export controls on semiconductor chips were not a major topic of discussions with Chinese officials in B...
Sizzling semiconductor trade at risk of cooling - and stalling US stocks rally
A stunning run-up in shares of semiconductor companies has helped drive the U.S. stock rally, but the eye-popping gains are sparking concerns about an overheated market and prompting some investors to...
Chip stocks pull back: Here's what you need to know
Chip stocks dropped on Tuesday, pulling back from a massive rally that broadened the AI trade beyond Nvidia and propelled the sector to new highs. CNBC's Kristina Partsinevelos reports.
New futures market for semiconductors comes as AI drives costs skyward
CME Group and Silicon Data are launching a futures exchange for computing capacity. Contracts will be based on daily GPU benchmarks for on-demand rental rates.
Intel, Other Chip Stocks Drop After Hitting Records
Profit-taking and computer-shipment data could be contributing to the Tuesday declines.
South Korea floats AI profit social tax as tech giants boom
A top South Korean official has proposed a tax on AI profits to be redistributed among society as a semiconductor boom drives massive earnings for tech giants Samsung Electronics and SK hynix.
The Chip-Stock Juggernaut Shows No Signs of Slowing Down
Soaring profits have investors pouring into shares of CPU, GPU and memory-chip companies.
Semiconductor Index Rally Stays on Course, but Signs Point to a Sharp Retracement
The SOX continues to follow its projected historical returns and Elliott Wave path, but the advance may be nearing exhaustion, raising the probability of a retracement toward $10,000.
Why the Gap Between Chip and Software Stocks Keeps Getting Wider
Investors can't get enough of Nvidia, AMD, Intel, and Micron as earnings season widens the divide between chip and software stocks.
Semiconductor ETFs: The Trade Broadens
Several years ago, semiconductor ETFs were often viewed as a Nvidia (NVDA) story. With Nvidia driving much of the group's growth and performance, some investors questioned the need for broader exposur...
South Korea, Dutch leaders discuss chips, AI cooperation
South Korean President Lee Jae Myung and Dutch Prime Minister Rob Jetten agreed in their first phone call to expand cooperation in semiconductors, AI, quantum technology, batteries and o...
The next AI bottleneck isn't GPUs
The AI trade is evolving—and it's no longer just about GPUs. In this segment, Yahoo Finance Senior Reporter Ines Ferré breaks down why chip stocks have surged this year and how demand for AI infrastru...
Southeast Asia needs to expand semiconductor production, global trade group SEMI says
Southeast Asian countries should aim to build more semiconductor fabrication plants in the coming decade to help the sector diversify and reduce supply risks, the head of global chip industry group ...
April Showers Bring a Deluge of ETF Inflows
April showers came in the form of more inflows raining down on the exchange-traded fund (ETF) market last month. Assets under management (AUM) have now grown to a staggering $14.7 trillion for the yea...


