Other ETFs for the sector include SPDR S&P Semiconductor (NYSEArca: XSD) and iShares PHLX SOX Semiconductor Sector Index Fund (NasdaqGM: SOXX).

“Varian Semiconductor has emerged as the leader in the ion implant segment of the chip equipment industry over the past several years,” said Morningstar analyst Andy Ng in a recent note on the company. “The firm presently benefits from healthy levels of demand for ion implant tools from chipmakers.”

PowerShares Dynamic Semiconductors