VanEck Semiconductor ETF (SMH)
| Assets | $65.06B |
| Expense Ratio | 0.35% |
| PE Ratio | 52.06 |
| Shares Out | 115.99M |
| Dividend (ttm) | $1.10 |
| Dividend Yield | 0.17% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 10.39% |
| Volume | 9,406,891 |
| Open | 636.07 |
| Previous Close | 631.98 |
| Day's Range | 634.60 - 659.74 |
| 52-Week Low | 272.16 |
| 52-Week High | 671.83 |
| Beta | 1.71 |
| 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
69.38% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 18.16% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 9.04% |
| Micron Technology, Inc. | MU | 5.99% |
| Broadcom Inc. | AVGO | 5.49% |
| Advanced Micro Devices, Inc. | AMD | 5.44% |
| Applied Materials, Inc. | AMAT | 5.35% |
| Intel Corporation | INTC | 5.09% |
| Lam Research Corporation | LRCX | 5.00% |
| KLA Corporation | KLAC | 4.94% |
| ASML Holding N.V. | ASML | 4.89% |
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 136.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 30.36%.
News
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SK Hynix to raise $29.4B in US listing: How it may impact the AI memory chip trade
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Here's what happened after 17 other semiconductor stock one-day plunges over the last 15 years
Microchip stocks tumbled on Tuesday, but a look at similar one-day downturns in the semiconductor sector shows the declines are often fleeting.
US Chip Stocks Plunge as AI Selloff Ripples Across From Asia
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A.I. Boom Ignites Asian Chip Companies
They make much of the gear that goes into giant data centers. Demand for their products is shifting the balance of tech power.
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
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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
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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
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Look to State Street, Invesco, VanEck for Top-Performing ETFs in 2026
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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
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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
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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
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"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
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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
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VIDEO: ETF of the Week: DRAM
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China's CXMT expects revenue to surge as memory chip demand soars
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US Chip Sector Needs More Talent, Says SEMI
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The Tech Download: Trump's China visit left chip export issue unresolved, with rare earths deal still uncertain
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Chip export controls not major topic in China talks, US trade rep Greer tells Bloomberg News
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Sizzling semiconductor trade at risk of cooling - and stalling US stocks rally
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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.