That iShares Semiconductor ETF SOXXa popular benchmark for companies that make semiconductors is down about 42% year-to-date.

That iShares Semiconductor ETF SOXXa popular benchmark for companies that make semiconductors is down about 42% year-to-date.

When the US rolled out sweeping rules to prevent China from receiving US semiconductor chips or components, semiconductor stock shares took the brunt the bad news.

In light of this news, domestic and international semiconductor companies doing business with each other must face scrupulous regulations that could prevent sales growth if licenses are not granted.

For those looking to trade the bounce, one can invest in the Direxion Daily Semiconductor Bull 3x Shares ETF SOXL provides three times daily exposure to a modified market capitalization weighted index of 30 US listed semiconductor companies.

Learn about three high-yield semiconductor companies.

Himax Technologies Inc. HIMX offers a dividend yield of 23.54%, or $1.25 per share annually using annual payments, with a mixed track record of growing its dividend payments.

Himax Technologies is a leading provider of semiconductor display imaging solutions for consumer electronics brands worldwide.

Himax’s automotive IC business is now the largest contributor to sales and is expected to account for more than 35% of total sales in Q3.

“The sudden halt in demand combined with the length of our production lead time has resulted in increased inventory levels for the third quarter. While we are in the midst of this destocking cycle, we are of course cutting back on new orders from our suppliers,” he said Jordan WuPresident and CEO of Himax.

Also read: This US Senator just sold his Intel shares and bought these two Treasury Bond ETFs

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