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American Century ETF Trust - Avantis Emerging Markets Equity ETF
The cost of electronics in an automobile has increased from 5% of the total in 1970 to 40% in 2020.
The importance of chips to our economies is evident in the current global shutdowns in auto factories; this is driven by a cyclical boom combined with secular acceleration in demand.
Taiwanese and South Korean semiconductor firms dominate the global industry with their strong manufacturing capabilities.