Strive Launches U.S. Semiconductor ETF (SHOC) Ahead of Potential China-Taiwan Annexation
Strive Asset Management (“Strive”) launches its third index fund today, the Strive U.S. Semiconductor ETF (NYSE: SHOC, expense ratio: 0.40%), offering investors the opportunity to gain broad exposure to the U.S. semiconductor sector amid escalating geopolitical risk in Taiwan, the nation responsible for manufacturing 60% of the world’s foundry semiconductors. Semiconductors are the essential computing hardware for mobile phones, computers, cars, and even refrigerators. Global Semiconductor demand is estimated to grow over 80% by 2030.1
