Roundhill Investments has launched the Roundhill MLCC & Electronic Components ETF (NASDAQ:CCML), giving investors targeted exposure to the electronic components that help keep AI systems powered and stable.

Multilayer ceramic capacitors, or MLCCs, store and release small amounts of electrical charge across circuit boards. As AI servers consume more power than conventional systems, they require more capacitors, making MLCCs a potential beneficiary of rising AI infrastructure spending.

The catch is that the biggest MLCC manufacturers are concentrated across Japan, South Korea, Taiwan and China, and none are listed on U.S. exchanges. CCML aims to bring those companies together in a single ETF, giving U.S. investors easier access to the supply chain behind a largely overlooked part of the AI hardware boom.

QUICK CONTEXT: The Overlooked Hardware Behind AI

The AI investment story has largely revolved around GPUs, memory chips and data-center infrastructure. But the systems powering AI workloads also depend on thousands of smaller electronic components.

MLCCs are among the most widely produced electronic components globally, with trillions of units shipped each year, according to Roundhill. They help regulate power delivery across electronic circuits, and higher-power systems can require more of them.

That puts MLCC manufacturers in an interesting position as AI servers become increasingly power-hungry. Roundhill says production is concentrated among a handful of Asian manufacturers, many of which trade in markets that can be difficult for U.S. investors to access directly.

CCML is designed to package that exposure into one ETF, shifting some of the attention from the headline-making AI chips to the less glamorous components needed to keep those chips running.

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