https://finance.yahoo.com/news/china-chip-stocks-look-long-144351844.html
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China Chip Stocks Look Like Long-Term Winners to Wall Street
Ian King and Jeanny Yu
Thu, February 15, 2024 at 3:43 PM GMT+1
(Bloomberg) -- While many on Wall Street are going to great lengths to avoid Chinese stocks, some analysts are telling clients to consider local chip companies. The caveat: it might take a while to see the benefits.
That’s the view of Wall Street firms including Barclays and Sanford C. Bernstein, with the latter pointing to chip companies such as Naura Technology Group Co. and Hygon Information Technology Co. as names that may one day be as well known as US counterparts like Applied Materials Inc. and Advanced Micro Devices Inc.
The reasoning is simple: US efforts to curb access to cutting-edge semiconductor tech will supercharge the development of China’s domestic chip industry as a matter of survival and create big opportunities for local companies, whose investments will pay off in years to come.
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China Chip Stocks Look Like Long-Term Winners to Wall Street
Ian King and Jeanny Yu
Thu, February 15, 2024 at 3:43 PM GMT+1
(Bloomberg) -- While many on Wall Street are going to great lengths to avoid Chinese stocks, some analysts are telling clients to consider local chip companies. The caveat: it might take a while to see the benefits.
That’s the view of Wall Street firms including Barclays and Sanford C. Bernstein, with the latter pointing to chip companies such as Naura Technology Group Co. and Hygon Information Technology Co. as names that may one day be as well known as US counterparts like Applied Materials Inc. and Advanced Micro Devices Inc.
The reasoning is simple: US efforts to curb access to cutting-edge semiconductor tech will supercharge the development of China’s domestic chip industry as a matter of survival and create big opportunities for local companies, whose investments will pay off in years to come.
...
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