From an investment perspective, Goldman Sachs analysts on July 15 pointed out there are notable catalysts for certain semiconductor and artificial intelligence China stock plays from August to December.
Officials told reporters about plans to speed up "emerging and future industries," and expand the development of tech talent in China.
Ways to play the space The bank has buy ratings on at least two Chinese companies in the industry.
The Goldman analysts are also optimistic about growth for Chinese fabless companies, the businesses which design chips but outsource the manufacturing process.
Montage generates nearly all of its revenue from servers, while Will Semiconductor draws about half of its revenue from smartphones, and one-third from automobiles, according to the Goldman report.
Persons:
Goldman Sachs, Biden, Goldman, 3Q24E
Organizations:
Officials, Microsoft, Nvidia, Taiwan Semiconductor, ACM Research, Goldman, Will Semiconductor
Locations:
Beijing, China, TSMC, U.S, Shanghai, Friday's