Tema ETFs has partnered exclusively with SemiAnalysis to launch the first suite of research-driven ETFs covering the full semiconductor value chain.
Partnership structure
The collaboration combines Tema’s ETF platform with SemiAnalysis, an independent research firm founded by Dylan Patel that specializes in semiconductors and AI infrastructure. The partnership aims to create institutional-grade investment vehicles that span chip design, manufacturing, equipment, and end-market exposure.
Maurits Pot, founder and CEO of Tema, stated that semiconductors are core to the AI infrastructure buildout and that deep expertise is critical in this technically complex sector. Dylan Patel noted that SemiAnalysis will contribute its global intelligence on AI, datacenter, and cloud infrastructure to support better investment solutions.
Market context
Semiconductor supply chains are increasingly strategic as AI workloads drive demand for advanced nodes, high-bandwidth memory, and specialized accelerators. Investors face challenges in navigating rapid technology shifts, geopolitical risks, and capital-intensive fab expansions.
Traditional broad-based semiconductor ETFs may lack the granularity needed to capture specific sub-sector opportunities or manage concentration risk. This partnership addresses that gap by integrating fundamental research directly into fund construction.
Product implications
The ETF suite will target institutional and retail investors seeking precise exposure across the semiconductor ecosystem. Tema brings experience in category-leading thematic ETFs, while SemiAnalysis provides independent, technically grounded analysis of supply chain dynamics, equipment cycles, and emerging technologies like chiplets and advanced packaging.
By embedding research into ETF design, the funds aim to reduce noise and improve risk-adjusted returns for investors tracking this volatile but high-growth sector.
Outlook
This partnership signals a broader trend toward research-driven thematic investing in deep-tech sectors. As AI infrastructure investment accelerates, demand for specialized financial products that reflect real-world supply chain complexity will likely grow. Tema and SemiAnalysis are positioning at the intersection of semiconductor expertise and capital markets — a convergence that could reshape how investors access the AI hardware value chain.
