SWKS makes up 3.6% of SOXX and 3.1% of SMH. AVGO is 7.3% of SOXX and 4.1% of SMH.

ETF investors who are wary of continued weakness in the semiconductor space can turn to inverse or short semiconductor ETF options to hedge against a dip. For instance, the ProShares UltraShort Semiconductors (NYSEArca: SSG) takes the -2x or -200% daily performance of the Dow Jones U.S. Semiconductors Index and the Direxion Daily Semiconductors Bear 3x Shares (NYSEArca: SOXS) provides a -3x or -300% performance of the PHLX Semiconductor Select Index. On Tuesday, SSG rose 3.1% and SOXS increased 5.5%.

iShares PHLX Semiconductor ETF

For more information on the semiconductor industry, visit our semiconductors category.

Max Chen contributed to this article.