Fabless Silicon & Chip Design Software

Own the companies that design chips and the software used to engineer them, rather than the manufacturers and fabrication-equipment suppliers already represented in North's fleet. Recent weakness in several chip designers creates an opportunity to buy differentiated intellectual property and design-in relationships without directly owning fabrication capacity. Outsourced manufacturing reduces factory ownership requirements, but customer concentration, export restrictions and semiconductor demand remain material risks. Launch basket (equal weight): QCOM, MRVL, MPWR, CRDO, SNPS, CDNS, LSCC, NVTS Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.