Global X Management Company LLC ("Global X"), the New York-based provider of exchange traded funds (ETFs), announced the launch of the Global X AI Semiconductor & Quantum ETF (CHPX), designed to capture innovation in the semiconductor industry. The fund is passively managed and priced at 50 bps.

The semiconductor industry is evolving to cater to demands of next-gen computing, including AI and quantum technologies. CHPX focuses on four key segments that are essential to powering the future of computing:

1. AI Semiconductors: Companies that make the chips powering AI, such as GPUs, CPUs, and memory.
2. Compute Systems Enablers: Companies that build the servers and systems AI runs on.
3. Data Center Equipment and Infrastructure: Companies that keep AI data centers cool, powered, and efficient.
4. Quantum Computing Technologies: Companies advancing quantum computers and tools to handle complex problems.

"AI is driving a once-in-a-generation transformation of the semiconductor industry," said Pedro Palandrani, Head of Product Research & Development at Global X. Palandrani continued "while semiconductors have been the backbone of modern technology for decades, there's been a demand shift towards GPUs, advanced storage and networking – the hardware infrastructure needed to further AI's growth."

Unlike traditional semiconductor ETFs that concentrate on U.S. names, CHPX takes a broader, global view of the companies poised to meet the future needs of AI hardware, potentially giving investors wider-ranging exposure within the space.

"In our view, no other existing semiconductor ETF captures the thematic 2.0 of the industry as it moves towards AI and hyperscale computing," said Palandrani. Continuing, "We believe that CHPX is a smart complement to our existing technology ETFs, AIQ and BOTZ, and allows investors the opportunity to participate in what may be a significant advancement in computing."