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Goldman picks China chip stocks to buy as tech rivalry with U.S. grows


On May 25, 2021 employees worked on the production line for silicon wafers at GalaxyCore Inc. in Jiashan County Jiaxing City Zhejiang Province.

Wang Gang | China News Service | Getty Images

Goldman Sachs analysts selected Chinese semiconductor stocks to be of benefit in companies’ efforts to localize supply chains.

Analysts said that they prefer software and semiconductor companies over other stocks traded in mainland China, particularly in the technology sector, because of their early stages relative to international peers.