Multi-asset investment expert Saxo Bank announces changes to its semiconductor basket. The broker is replacing 11 companies in this basket.

The semiconductor industry has been challenged this year from rising input costs and bottlenecks in the production. The semiconductor theme has also been caught up in the general rotation out of technology stocks and into themes such as commodity, defence, logistics, and cyber security.

• The companies that have been removed either due to sanctions, too low market value, acquisitions, or their business found to be a less good exposure versus the theme are:

MediaTek, Semiconductor Manufacturing International, Xilinx, Teradyne, ASM International, MKS Instruments, SUMCO, Azenta, SOITEC, Tianshui Huatian Technology, Siltronic

• The companies that have been added are:

Samsung Electronics, LONGi Green Energy Technology, Marvell Technology, Synopsys, Cadence Design Systems, Will Semiconductor, GLOBALFOUNDRIES, ON Semiconductor, Tiankin Zhonghuan Semiconductor, Skyworks Solutions, Kyocera

The table below shows the new updated table of constituents in the semiconductor basket.

Saxo Bank has recently reviewed several of its theme baskets, with the Crypto & Blockchain theme basket seeing three companies removed.

Voyager Digital is being removed because it is at reduce only in Saxo’s trading systems. Monex Group is removed because Saxo has decided that it does not have enough exposure to the crypto market. Future FinTech Group has too small a market so this company has also been removed.