Chip ETFs Gain as China Lures the Best and Brightest
Monday, March 22nd, 2010
Tom Lydon (ETF Trends) submits:
It seemed like only yesterday when the United States snatched up the brightest minds from around the world; now it’s China that’s luring in the big brains. Maybe, some of that high growth potential from China will rub off on the tech sector and related ETFs.
Prominent companies like Applied Materials (AMAT), along with their engineers, are being lured to China, reports Keith Bradsher for The New York Times. The Chinese market is thirsting for electricity, cars and assorted other symbols of economic prosperity, and companies are finding that their researchers need to be closer to both factories and consumers.
