Semiconductor ETFs: examples and criteria for investing

A semiconductor ETF is chosen mainly on three criteria: the management fees (TER), the replication method and how diversified the basket of holdings is. This guide compares the main options available to French investors, whether accumulating or PEA-eligible (the PEA is a French tax-advantaged equity savings account). Like any equity investment, they carry a risk of capital loss.

Key takeaways

• Five UCITS ETFs track the global semiconductor industry, with annual fees between 0.30% and 0.35% depending on the provider.
• Two ETFs, the Amundi PEA Nasdaq-100 and the Amundi STOXX Europe 600 Technology, give exposure to the sector through a PEA.
• The global semiconductor market reached $791.7 billion in sales in 2025, up 25.6% year on year (SIA).
• An ETF's past performance is no guide to its future performance; the sector remains concentrated in a small number of players (NVIDIA, TSMC, ASML).

Updated 20 July 2026

The semiconductor market: characteristics and context

According to the Semiconductor Industry Association (SIA), global semiconductor sales reached $791.7 billion in 2025, up 25.6% on 2024 ($630.5 billion), driven by demand tied to artificial intelligence and consumer electronics. Sectors such as artificial intelligence, virtual reality and the Internet of Things continue to fuel demand for semiconductors.

Note: Figures as at dates between 17/07/2026 and 25/01/2026 depending on the company (financial years are not aligned). Sources: official NVIDIA, Intel, TSMC, ASML and AMD releases, see the Sources section.

The key companies in the semiconductor industry, such as NVIDIA, Intel, TSMC, ASML and AMD, all grew their revenue over their latest completed financial year. Investing in semiconductor-focused ETFs can offer exposure to these companies, with a risk of capital loss.

Which semiconductor ETFs are available on the market?

Five main UCITS ETFs track the semiconductor sector for European investors: VanEck Semiconductor, iShares MSCI Global Semiconductors, HSBC Nasdaq Global Semiconductor and the two versions (accumulating and distributing) of the Amundi MSCI Semiconductors.

ETFs (Exchange Traded Funds) are increasingly popular with investors looking to diversify their portfolio. Semiconductor ETFs give investors exposure to the semiconductor industry, which is growing steadily.

Here are some examples of semiconductor ETFs available on the market, presented for information and not as a recommendation.

Key point : Note that past performance does not guarantee an ETF's future performance. Investors should weigh many other factors, such as market volatility, industry trends, global economic events and government regulation, when choosing which semiconductor ETFs to include in their portfolio.

If you are looking for PEA-eligible semiconductor exposure, you can explore the following options:

• Amundi PEA Nasdaq-100 UCITS ETF (formerly Lyxor) (ISIN: FR0011871110), the Nasdaq is very heavily exposed to the semiconductor market, notably through Nvidia.
• Amundi STOXX Europe 600 Technology UCITS ETF (formerly Lyxor) (ISIN: LU1834988518), heavily exposed to the European semiconductor market, notably through ASML.

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The key players in the semiconductor sector

The semiconductor market is dominated by a few major players that heavily influence the performance of semiconductor ETFs. Here is an overview of some of the sector's leading names:

Note: Market capitalisations as at 17/07/2026, subject to significant short-term volatility (sources: stockanalysis.com, barchart.com, see the Sources section).

These companies operate in different parts of the semiconductor industry, such as chip design, process manufacturing, integrated circuit production and selling finished products. Their financial results, technological advances and strategic decisions significantly influence the semiconductor sector as a whole.

Investors should take these companies' performance into account, and its impact on semiconductor ETFs, when deciding whether to invest in this particular sector.

What should you consider before investing in a semiconductor ETF?

Choosing a semiconductor ETF rests on four main criteria: the total expense ratio (TER), the tracking error, the liquidity and the composition of the underlying portfolio. Here is how to assess each of these before investing.

Total expense ratio

The total expense ratio (or TER) is the annual cost of investing in an ETF. Investors should look for ETFs with low management fees, as that reduces the costs borne by the investor over time.

Tracking error

Tracking error is the difference between the ETF's performance and that of its benchmark index. Investors should look for ETFs with a low tracking error, as that ensures their return closely follows the benchmark.

Liquidity

An ETF's liquidity matters because it determines how easily its units can be bought or sold. Investors should look for ETFs with high trading volume in order to reduce transaction costs and avoid the risks tied to quoted spreads.

Portfolio composition

Investors should examine the composition of the ETF's portfolio to determine which underlying companies they will be exposed to. It is important to look for diversified ETFs with exposure to several companies, to minimise the risk tied to the performance of any single one.

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Conclusion

Investing in semiconductor ETFs can fit into a long-term strategy, with a risk of capital loss to keep in mind throughout. The choice of fund depends on the management fees, the replication method and whether you need PEA eligibility: the options available include the VanEck Semiconductor UCITS ETF (IE00BMC38736) and the iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (IE000I8KRLL9). The past performance of NVIDIA, TSMC or ASML is no guide to their future performance.

Frequently asked questions

What is a semiconductor ETF?

A semiconductor ETF is a listed investment fund holding shares in companies operating in the semiconductor sector. It lets investors diversify their portfolio by backing the growth of this industry, with a risk of capital loss.

What are the characteristics of semiconductor ETFs?

Investing in semiconductor ETFs offers several advantages: diversification, access to a growing sector and ease of trading on stock markets. Annual fees on the main UCITS funds range between 0.30% and 0.35%.

What are the risks attached to semiconductor ETFs?

Like any stock market investment, semiconductor ETFs carry risks, notably market volatility, dependence on the performance of the sector's companies, and currency and interest rate movements.

Are there semiconductor ETFs based on ESG criteria?

Yes, some semiconductor ETFs incorporate environmental, social and governance (ESG) criteria into their selection of companies, offering a socially responsible investment option in the sector.

Which are the key companies in the semiconductor sector?

The key companies in the semiconductor sector include NVIDIA, Intel, TSMC, ASML and AMD. Their financial results and strategic decisions strongly influence the performance of semiconductor ETFs.

What are the important factors to consider before investing in a semiconductor ETF?

Before investing in a semiconductor ETF, it is worth examining the total expense ratio (TER), the tracking error against the index, the fund's liquidity and the composition of its underlying portfolio.

Sources

Semiconductor Industry Association: global semiconductor sales, 2025

JustETF: VanEck Semiconductor UCITS ETF

JustETF: iShares MSCI Global Semiconductors UCITS ETF USD (Acc)

JustETF: HSBC Nasdaq Global Semiconductor UCITS ETF

JustETF: Amundi MSCI Semiconductors ESG Screened UCITS ETF Acc

JustETF: Amundi MSCI Semiconductors ESG Screened UCITS ETF Dist

JustETF: Amundi PEA Nasdaq-100 UCITS ETF

JustETF: Amundi STOXX Europe 600 Technology UCITS ETF

NVIDIA: fourth quarter and fiscal 2026 financial results

Intel: fourth quarter and full year 2025 financial results

TSMC: fourth quarter 2025 financial report (6-K filing)

ASML: 2025 annual report, financial data

AMD: fourth quarter and full year 2025 financial results

stockanalysis.com: NVIDIA market capitalisation and share performance

stockanalysis.com: Intel market capitalisation and share performance

stockanalysis.com: TSMC market capitalisation and share performance

stockanalysis.com: ASML market capitalisation and share performance

stockanalysis.com: AMD market capitalisation and share performance