According to Taiwan's "China Times News Network" on February 18, analysts on Wall Street in the United States suggested that investors pay attention to China's local chip companies, which are likely to be long-term investment opportunities. However, analysts also warn that investing in these companies will require some patience, as it may take some time to see the benefits.
According to the U.S. Finance **, Wall Street investment firms such as Barclays and Sanford Bernstein believe that China's domestic chip industry is ushering in rapid development under the influence of the United States restricting access to cutting-edge chip technology. This is not only an important transformation of China's economy, but also creates huge opportunities for local Chinese companies that will reap the rewards in the coming years.
According to the report, as more resources are invested in the industry, local Chinese companies will thrive. In the face of U.S. export restrictions, China is actively investing funds to build a local chain and accelerate the self-sufficiency of the chip industry. Wall Street is confident in the future of China's chip companies, believing that they are expected to be winners of long-term investments.
Analysts estimate that sales of Chinese chip companies will grow significantly in 2024. Although the current performance of Chinese chip companies in China is slightly inferior to that of their American counterparts, as China's chip industry continues to grow, its potential and value will gradually become prominent.
The report also pointed out that although China still faces many challenges on the road to achieving chip self-sufficiency, with the investment of China's first-class funds and the rise of local enterprises, China's chip industry is in a stage of vigorous development, and China's position in the global chip market will gradually improve in the next few years.