[related_stories]

ARM is known as an innovator in the Internet of Things field, with its technology implemented in a majority of smartphones and digital cameras. Its digital technology is also utilized in augmented-reality headsets, biometric sensors, self-driving cars, commercial drones and smart watches.

Related: Avast Takeover Bid for AVG Bounces Cybersecurity ETFs

United Kingdom leaders and market observers have hailed the deal as a sign of ongoing support for Britain’s economy in a post-Brexit world.

“The transaction represents the first major acquisition following the referendum and whilst the purchase doesn’t constitute a resounding vote of confidence in the post-EU U.K., it does illustrate that the after-effects of the Brexit have not deterred all parties from continuing with business as usual,” David Cheetham, market analyst at XTB, told the AP.

Click here to read the full story on ETF Trends.

VanEck Vectors Semiconductor ETF