It focuses specifically on memory chip makers — the exact companies whose products are sold out and commanding premium prices. Counterintuitively, a supply shortage is a windfall for the companies doing the supplying. The key insight is that "chip supply chain exposure" is not a single trade — it's two opposite trades depending on where a company sits in the chain. The 2026 chip supply chain crisis is a structural, AI-driven shortage that may persist for years — and it has split the ETF market into clear winners and losers. Currency Risk: ETFs that invest in international securities may be affected by exchange rate fluctuations.