縱觀當前的半導體產業以及整個價值鏈中存在的創造財富的機會

半導體產業自誕生以來經歷了顯著的成長和轉型，在塑造現代技術格局中發揮關鍵作用。

The semiconductor industry has experienced phenomenal growth and transformation since its inception, playing a pivotal role in shaping the modern technological landscape. While Nvidia has become a household name for many familiarizing themselves with the semiconductor industry, other stakeholders are of crucial importance.

半導體產業自誕生以來經歷了驚人的成長和轉型，在塑造現代技術格局中發揮關鍵作用。雖然英偉達對於許多熟悉半導體產業的人來說已經成為家喻戶曉的名字，但其他利害關係人也至關重要。

The semiconductor value chain is a complex network of companies and processes involved in designing, manufacturing, testing, packaging, and distributing semiconductor components. It encompasses a series of stages and stakeholders, each playing a crucial role in bringing semiconductor products from concept to end-users. The value chain involves collaboration between semiconductor manufacturers, foundries, equipment suppliers, design houses, and other entities.

半導體價值鏈是一個複雜的網絡，由涉及半導體元件設計、製造、測試、封裝和分銷的公司和流程組成。它包含一系列階段和利益相關者，每個階段和利害關係人在將半導體產品從概念推向最終用戶的過程中都發揮著至關重要的作用。此價值鏈涉及半導體製造商、代工廠、設備供應商、設計公司和其他實體之間的合作。

This article will provide a look at the current semiconductor industry and the wealth-generating opportunities that are present across the value chain. A summarized look at the various participants within the semiconductor supply chain is detailed below:

本文將介紹目前的半導體產業以及整個價值鏈中存在的創造財富的機會。以下詳細介紹了半導體供應鏈中各個參與者的概述：

**Chip Designers**

**晶片設計師**

Semiconductor chip designs are created for either specific or general product usage. Integrated Device Manufacturers (IDMs), such as Intel, AMD, and Samsung, take charge of all processes in producing semiconductors from planning to producing the final products. Conversely, fables design companies, like Qualcomm and Nvidia, focus on designing semiconductor components but outsource the manufacturing process to third-party foundries.

半導體晶片設計是為特定或一般產品用途而創建的。英特爾、AMD 和三星等整合設備製造商 (IDM) 負責半導體生產從規劃到生產最終產品的所有流程。相反，高通和英偉達等晶圓設計公司專注於設計半導體元件，但將製造過程外包給第三方代工廠。

**Equipment and Material providers**

**設備和材料供應商**

Within the semiconductor industry, a few key equipment makers have become crucially important, enabling the creation of ever-smaller, more efficient chips. Companies like ASML, Applied Materials, and Lam Research provide the tools and machinery required for semiconductor manufacturing processes. Various companies supply materials such as silicon wafers, chemicals, and gases essential for semiconductor production.

在半導體產業中，一些關鍵設備製造商已經變得至關重要，它們能夠創造出更小、更有效率的晶片。 ASML、Applied Materials 和 Lam Research 等公司提供半導體製造流程所需的工具和機械。許多公司供應半導體生產所必需的矽晶圓、化學品和氣體等材料。

**Fabrication/Wafer Manufacturing**

**製造/晶圓製造**

Silicon wafers are processed through a complex and extensive series of manufacturing steps. Companies such as Taiwan Semiconductor Manufacturing Company (TSMC), GlobalFoundries, and Samsung Foundry specialize in manufacturing semiconductor wafers based on designs provided by fabless design companies or IDMs.

矽晶圓經過一系列複雜而廣泛的製造步驟進行加工。台積電 (TSMC)、GlobalFoundries 和 Samsung Foundry 等公司專門根據無晶圓廠設計公司或 IDM 提供的設計製造半導體晶圓。

**Testing and Packaging**

**測試和包裝**

Semiconductor chips are assembled into packages to form electronic components that can be mounted onto circuit boards. Outsourced Semiconductor Assembly and Testing (OSAT) Companies, such as Amkor Technology and ASE Group, specialize in packaging and testing semiconductor devices, ensuring chips can perform under different electrical and temperature conditions.

半導體晶片被組裝成封裝，形成可以安裝到電路板上的電子元件。外包半導體組裝和測試 (OSAT) 公司，例如 Amkor Technology 和 ASE Group，專門從事半導體裝置的封裝和測試，確保晶片能夠在不同的電氣和溫度條件下運作。

**Investing in the whole, not the parts**

**投資身體，而不是部分**

Semiconductors have become an essential component of the global economy, as evidenced by their integration into vehicles, smartphones and devices, and the technological infrastructure of our modern society. Given their integral nature, investors would benefit from having exposure to the industry within their portfolio. In looking at the annual returns of the U.S. iShares Semiconductor ETF (Ticker: SOXX) for the past decade, investors have benefitted immensely from comprehensive semiconductor industry exposure.

半導體已成為全球經濟的重要組成部分，其與車輛、智慧型手機和設備以及現代社會技術基礎設施的整合證明了這一點。鑑於其整體性，投資者將受益於在其投資組合中涉足該行業。從美國 iShares 半導體 ETF（股票代號：SOXX）過去十年的年回報來看，投資者從全面的半導體產業投資中獲益匪淺。

For Canadian investors, the Canadian iShares Semiconductor Index ETF (Ticker: XCHP) provides exposure to U.S.-listed equity securities that are in the semiconductors industry. It should be noted that XCHP was recently listed, having an inception date of September 6th, 2023, thus having less than one year of performance. Alternatively, the Global X Semiconductor Index ETF (Ticker: CHPS/CHPS.U) seeks to provide exposure to the performance of global, publicly listed companies engaged in producing and developing semiconductors and semiconductor equipment. Launched on June 21, 2021, this fund has an established track record and provides comprehensive exposure to the global semiconductor industry.

對於加拿大投資者來說，加拿大 iShares 半導體指數 ETF（股票代號：XCHP）提供了對美國上市的半導體產業股票證券的投資。要注意的是，XCHP剛上市，成立日期為2023年9月6日，因此業績不到一年。另外，全球 X 半導體指數 ETF（股票代號：CHPS/CHPS.U）旨在提供從事生產和開發半導體及半導體設備的全球上市公司業績的曝險。該基金於 2021 年 6 月 21 日推出，擁有良好的業績記錄，並提供對全球半導體產業的全面投資。

Recently, against the backdrop of semiconductor fervor, more AI-focused ETF solutions have come to market, providing exposure to companies that will benefit from the further development and utilization of artificial intelligence (AI) technology in their products and services.

最近，在半導體熱潮的背景下，更多以人工智慧為重點的ETF 解決方案已上市，為那些將受益於人工智慧(AI) 技術在其產品和服務中的進一步開發和利用的公司提供了機會。

Global X Canada launched the Global X Artificial Intelligence & Technology Index ETF (Ticker: AIGO), which seeks to replicate the Indxx Artificial Intelligence & Big Data Index, which reflects companies that benefit from the development and utilization of Artificial Intelligence (“AI”) technology in their products and services, as well as companies that produce hardware used in Artificial Intelligence applied for the analysis of Big Data. Invesco Canada also launched an AI-focused solution, the Invesco Morningstar Global Next Gen AI Index ETF (Ticker: INAI/INAI.F), which replicates Morningstar® Global Next Generation Artificial Intelligence Index™; which is designed to deliver unparalleled, thematically pure exposure to leading-edge artificial intelligence technologies, including generative artificial intelligence and adjacent products and services.

Global X Canada 推出 Global X 人工智慧與技術指數 ETF（股票代碼：AIGO），旨在複製 Indxx 人工智慧與大數據指數，反映從人工智慧（「AI」）開發和利用中受益的公司產品和服務中的技術，以及生產用於大數據分析的人工智慧硬體的公司。景順加拿大也推出了專注於人工智慧的解決方案，即景順晨星全球下一代人工智慧指數 ETF（股票代碼：INAI/INAI.F），該解決方案複製了晨星®全球下一代人工智慧指數™；旨在提供無與倫比的、主題純粹的前沿人工智慧技術展示，包括生成人工智慧以及相關產品和服務。

With demand for semiconductors growing globally, investors who maintain some exposure to this industry are poised to benefit materially in the present and years to come.

隨著全球半導體需求的成長，對該行業保持一定投資的投資者將在當前和未來幾年內獲得實質受益。

Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.

請注意，本文僅供參考，不以任何方式構成投資建議。在做出任何投資決定之前，您必須尋求註冊金融專業人士的建議。