Plenty of investors arrive wanting "the China chip ETF." The honest answer: there is no pure-play US-listed China semiconductor fund. Chip exposure lives inside broader China tech and internet ETFs — here is where it actually sits and what you take on.
| ETF | Ticker | Tech / semi tilt | What you really own | Expense |
|---|---|---|---|---|
| Invesco China Technology | CQQQ | Highest of the liquid US funds | Hardware, software, semis, internet — broad tech | ~0.65% |
| KraneShares CSI China Internet | KWEB | Internet-heavy, some hardware | Platform giants (Alibaba, Tencent, JD, Meituan) + chip adjacencies | ~0.69% |
| iShares MSCI China | MCHI | Megacap tech diluted | ~580 names incl. banks, state firms, and the big platforms | ~0.59% |
| iShares China Large-Cap | FXI | Low (SOE-heavy) | 50 largest H-shares: banks, telecom, oil, Tencent | ~0.74% |
| SPDR S&P China | GXC | Moderate | ~900 names across all venues; broad but tech-light vs CQQQ | ~0.59% |
Read it this way: if you want the most tech/chip concentration among liquid US funds, CQQQ leads; KWEB is internet-plus; MCHI/FXI/GXC give you the semis only as a side effect of owning the megacaps.
Any China tech/chip tilt swings hard on US-China technology headlines, export controls and earnings from a small set of names. KWEB can be 60%+ internet; CQQQ is broad tech but still a high-beta sleeve. Treat it as a 2–5% satellite of your China allocation, sized so a 30% drawdown doesn't force a sale.