XSD - Robust YTD revenue growth in semiconductor industry despite headwinds

Semiconductor industry continues to shine despite COVID-19 pandemic, and U.S. China tech cold war. Semiconductor industry has so far remained largely insulated from ongoing global macroeconomic headwinds, with most of the companies reporting a YTD increase in revenue.TSM (TSM) largest semiconductor manufacturer in the world reported highest YTD growth of 23.7%, despite halted orders for Huawei’s HiSilicon unit in May following the new U.S. rule.The Semiconductor Industry Association ((SIA)) reported October global semiconductor sales of $39BB, rose 6% Y/Y and +3.1% M/M.Sales increased Y/Y:  Americas +14.2%, China +6.3% and Asia Pacific/All Other +5.3%.Sales decreased Y/Y: Japan -1% and Europe -4.8%. The Semiconductor index is far outpacing the market with VanEck Vectors Semiconductor ETF (SMH) +61.7%, iShares PHLX SOX Semiconductor Sector Index ETF (SOXX) +57.5%, Direxion Daily Semiconductor 3x Bull Shares ETF (SOXL) +85.3%, ProShares Ultra Semiconductors ETF (USD) +78.0%, SPDR S&P Semiconductor ETF (XSD) +60.2% vs. the S&P 500 +19.1% in a year.Related ETFs: SOXL, SMH, SOXX, USD, XSD, PSI, SOXS, SSG, FTXL.Outlook: World semiconductor market to grow by 5.1% to $433B in FY2020 vs. prior outlook of +3.3%. For FY2021, the

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Robust YTD revenue growth in semiconductor industry despite headwinds