China is boosting domestic tech, with focus on semiconductor and AI stocks

From CNBC: 2024-07-21 07:39:14

China is focusing on boosting domestic tech, with notable catalysts for semiconductor and AI stocks from August to December. Mainland Chinese semiconductor stocks saw big inflows last week, leading to gains. U.S. restrictions on Nvidia’s exports and potential clampdowns on chipmaking equipment exports may impact industry. Goldman analysts have buy ratings on ACM Research and AccoTest, optimistic about growth for Chinese fabless companies like Montage and Will Semiconductor.



Read more at CNBC: China is doubling down on homegrown tech. Goldman Sachs shares its chip plays