Author：Wall Street CN
The global capital market has welcomed its first exchange-traded fund focused on the memory semiconductor sector, opening up a new path for investors to directly invest in the core track of AI infrastructure.
US ETF issuer Roundhill Investments announced on Thursday the launch of the Roundhill Memory ETF, becoming the world's first ETF product themed around memory semiconductors. The fund covers leading global companies in sub-sectors such as DRAM, high-bandwidth memory (HBM), NAND flash memory, and solid-state storage devices (SSDs), directly corresponding to the hardware segment where AI computing power is currently expanding most intensively.
Based on the holdings data as of April 1st,Samsung Electronics, SK Hynix and Micron Technology ranked in the top three with weights of approximately 25%, 24.2% and 23.8% respectively, accounting for more than 73% of the fund's total weight.The fund's holdings, also announced on the same day, included companies in the storage industry chain such as Kioxia Holdings, Sandisk, Western Digital, Seagate Technology, Nanya Technology, and Winbond Electronics.
In AI large-scale model training and inference scenarios, the aforementioned products are currently experiencing peak demand. HBM, as a key medium connecting GPUs and memory, has become an indispensable component of high-end AI accelerators, and the tight supply situation continues to increase the bargaining power of related manufacturers.
The three giants dominate the portfolio structure.
In its announcement, Roundhill Investments pointed out that as the computing power demand for large-scale AI training and inference continues to expand, memory semiconductors have become an increasingly scarce core resource in the construction of AI infrastructure.
"Memory is moving to the core of the AI ecosystem," said Dave Mazza, CEO of Roundhill Investments. "As AI grows in scale and complexity, the demand for high-performance memory has become a key constraint on the speed of AI development. DRAM was designed to allow investors to strategically position themselves with suppliers in this layer of the AI technology stack, something that broad semiconductor funds simply cannot offer."
In terms of portfolio distribution, the fund not only focuses on leading companies, but also takes into account diversified coverage of the memory industry chain.Samsung Electronics (24.99%), SK Hynix (24.22%), and Micron Technology (23.83%) together account for 72.04% of the fund's weighting, forming the absolute core of the fund.
The remaining holdings are spread across Kioxia Holdings (4.87%), Sandisk (4.66%), Western Digital (4.64%), Seagate Technology (4.49%), Nanya Technology (3.95%), and Winbond Electronics (2.35%).
Founded in 2018, Roundhill Investments is a SEC-registered investment advisor specializing in innovative ETF products. The company's product line covers thematic equities, options returns, and trading instruments. To date, its team has launched over 100 ETFs, many of which were global firsts.
