Another ETF To Consider In The Chip Sector

With an earnings report looming from Intel (Nasdaq: INTC), the biggest semiconductor maker in the world, investors may want to take a look at the Semiconductor HOLDRs ETF (NYSE: SMH).

Intel accounts for 23% of SMH and Texas Instruments (NYSE: TXN) accounts for another 21%, so SMH is an interesting way to play the earnings reports from those companies.

For those looking for a deeper exposure to the semiconductor without such an emphasis on Intel and Texas Instruments, the PowerShares Dynamic Semiconductors ETF (NYSE: PSI) may be worth looking at.

Sure, Intel and Texas Instruments are found among PSI's top holdings, but only to the tune of 5.25 each. PSI also has some smart phone exposure through Qualcomm (Nasdaq: QCOM), a potential catalyst for the ETF going forward.