China Chip Stocks Look Like Long-Term Winners to Wall Street

(Bloomberg) — While many Wall Street traders are going to great lengths to avoid Chinese stocks, some analysts are telling clients to consider local chip companies, with the caveat that 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. Ltd. and Hygon Information Technology Co. Ltd. as names that may one day be as well-known as U.S. counterparts such as Applied Materials Inc. and Advanced Micro Devices Inc.