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        <name>ASE TECHNOLOGY HOLDING CO LTD</name>
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        <name>JABIL INC</name>
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        <name>ANALOG DEVICES INC</name>
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        <name>ON SEMICONDUCTOR CORP</name>
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        <name>NXP SEMICONDUCTORS NV</name>
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        <name>INTEL CORP</name>
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        <name>GAN SYSTEMS INC</name>
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        <name>GAN SYSTEMS INC</name>
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        <name>ALPHA and OMEGA SEMICONDUCTOR LTD</name>
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      <invstOrSec>
        <name>CADENCE DESIGN SYSTEMS INC</name>
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          <isin value="US1273871087"/>
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        <curCd>USD</curCd>
        <valUSD>22486292.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AEVA TECHNOLOGIES INC</name>
        <lei>N/A</lei>
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          <isin value="US00835Q1031"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GAN SYSTEMS INC</name>
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          <other otherDesc="Internal" value="IDH042000"/>
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        <assetCat>EP</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SILICON MOTION TECH CORP</name>
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        <valUSD>5909200.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROADCOM INC</name>
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          <isin value="US11135F1012"/>
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        <balance>66725.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIODES INC</name>
        <lei>549300XP2X1ARVH3BX23</lei>
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          <isin value="US2545431015"/>
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        <balance>87100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8082009.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QUALCOMM INC</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
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        <balance>135726.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TEXAS INSTRUMENTS INC.</name>
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        <balance>120600.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLOBALFOUNDRIES INC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Fidelity Revere Street Trust</name>
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          <isin value="US31635A1051"/>
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        <balance>7625471.35600000</balance>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MFG CO LTD</name>
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        <cusip>874039100</cusip>
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        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CIRRUS LOGIC INC.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DIAMOND FOUNDRY INC</name>
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          <other otherDesc="Internal" value="HDC316000"/>
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        <fairValLevel>3</fairValLevel>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>KLA CORP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MICRON TECHNOLOGY INC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Fidelity Revere Street Trust</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>APPLIED MATERIALS INC</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
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          <isin value="US0382221051"/>
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        <balance>101700.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NVIDIA CORP</name>
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        <name>FIRST SOLAR INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASTERA LABS INC</name>
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        <title>ASTERA LABS INC SER C PC PP</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="IAA407000"/>
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        <balance>19433.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78509.32000000</valUSD>
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        <assetCat>EP</assetCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>MAXLINEAR INC</name>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>TENSTORRENT</name>
        <lei>N/A</lei>
        <title>TENSTORRENT INC SER C-1 PC PP</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="HEJ210000"/>
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        <balance>900.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Stacie M. Smith</ncom:nameOfApplicant>
      <ncom:signature>Stacie M. Smith</ncom:signature>
      <ncom:signerName>Stacie M. Smith</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
