Based on the recent performance of the iShares Semiconductor ETF (NYSEARCA: SOXX), institutional investors also see promise in the semiconductor industry. In the earnings release, company CEO Peter Wennink said, “We continue to see uncertainty in the market caused by inflation, rising interest rates, risk of recession and geopolitical developments related to export controls. In his statement, Wennink alluded to concerns about a weakening global chip market, as consumer demand for electronics is down from sky-high pandemic levels.