纵观当前的半导体行业以及整个价值链中存在的创造财富的机会

半导体行业自诞生以来经历了显着的增长和转型，在塑造现代技术格局中发挥着关键作用。

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.

半导体行业自诞生以来经历了惊人的增长和转型，在塑造现代技术格局中发挥着关键作用。虽然英伟达对于许多熟悉半导体行业的人来说已经成为家喻户晓的名字，但其他利益相关者也至关重要。

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.

半导体价值链是一个复杂的网络，由涉及半导体元件设计、制造、测试、封装和分销的公司和流程组成。它包含一系列阶段和利益相关者，每个阶段和利益相关者在将半导体产品从概念推向最终用户的过程中都发挥着至关重要的作用。该价值链涉及半导体制造商、代工厂、设备供应商、设计公司和其他实体之间的合作。

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:

本文将介绍当前的半导体行业以及整个价值链中存在的创造财富的机会。下面详细介绍了半导体供应链中各个参与者的概述：

**Chip Designers**

**芯片设计师**

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.

半导体芯片设计是为特定或一般产品用途而创建的。英特尔、AMD 和三星等集成设备制造商 (IDM) 负责半导体生产从规划到生产最终产品的所有流程。相反，高通和英伟达等晶圆设计公司专注于设计半导体元件，但将制造过程外包给第三方代工厂。

**Equipment and Material providers**

**设备和材料供应商**

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.

在半导体行业中，一些关键设备制造商已经变得至关重要，它们能够创造出更小、更高效的芯片。 ASML、Applied Materials 和 Lam Research 等公司提供半导体制造工艺所需的工具和机械。许多公司供应半导体生产所必需的硅晶圆、化学品和气体等材料。

**Fabrication/Wafer Manufacturing**

**制造/晶圆制造**

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.

硅晶圆经过一系列复杂而广泛的制造步骤进行加工。台积电 (TSMC)、GlobalFoundries 和 Samsung Foundry 等公司专门根据无晶圆厂设计公司或 IDM 提供的设计制造半导体晶圆。

**Testing and Packaging**

**测试和包装**

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.

半导体芯片被组装成封装，形成可以安装到电路板上的电子元件。外包半导体组装和测试 (OSAT) 公司，例如 Amkor Technology 和 ASE Group，专门从事半导体器件的封装和测试，确保芯片能够在不同的电气和温度条件下运行。

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

**投资整​​体，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.

半导体已成为全球经济的重要组成部分，其与车辆、智能手机和设备以及现代社会技术基础设施的集成就证明了这一点。鉴于其整体性，投资者将受益于在其投资组合中涉足该行业。从美国 iShares 半导体 ETF（股票代码：SOXX）过去十年的年回报来看，投资者从全面的半导体行业投资中获益匪浅。

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.

对于加拿大投资者来说，加拿大 iShares 半导体指数 ETF（股票代码：XCHP）提供了对美国上市的半导体行业股票证券的投资。需要注意的是，XCHP刚刚上市，成立日期为2023年9月6日，因此业绩还不到一年。另外，全球 X 半导体指数 ETF（股票代码：CHPS/CHPS.U）旨在提供对从事生产和开发半导体及半导体设备的全球上市公司业绩的敞口。该基金于 2021 年 6 月 21 日推出，拥有良好的业绩记录，并提供对全球半导体行业的全面投资。

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，在半导体热潮的背景下，更多以人工智能为重点的 ETF 解决方案已上市，为那些将受益于人工智能 (AI) 技术在其产品和服务中的进一步开发和利用的公司提供了机会。

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 人工智能与技术指数 ETF（股票代码：AIGO），旨在复制 Indxx 人工智能与大数据指数，反映从人工智能（“AI”）开发和利用中受益的公司产品和服务中的技术，以及生产用于大数据分析的人工智能硬件的公司。景顺加拿大还推出了专注于人工智能的解决方案，即景顺晨星全球下一代人工智能指数 ETF（股票代码：INAI/INAI.F），该解决方案复制了晨星®全球下一代人工智能指数™；旨在提供无与伦比的、主题纯粹的前沿人工智能技术展示，包括生成人工智能以及相关产品和服务。

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.

随着全球半导体需求的增长，对该行业保持一定投资的投资者将在当前和未来几年内获得实质性受益。

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.

请注意，本文仅供参考，不以任何方式构成投资建议。在做出任何投资决定之前，您必须寻求注册金融专业人士的建议。