Defiance Launches AIFR to Target Semiconductor Foundry Bottleneck

Defiance ETFs has launched the Global Foundries ETF (AIFR) on Nasdaq, billed as the first U.S.-listed ETF dedicated to semiconductor foundries. Tracking the MarketVector Global Foundries Index, AIFR targets 10 chip manufacturers benefiting from growing AI-related fabrication demand, including TSMC, Samsung, Intel, UMC and GlobalFoundries. Companies must generate at least 50% of revenue or $2bn annually from foundry activities to qualify. The index uses free-float market-cap weighting with a 20% cap and rebalances quarterly, providing focused exposure to the fabrication layer underpinning the global semiconductor industry.