📊Executive Summary

China is intensifying its push for semiconductor self-sufficiency by mandating that chip manufacturers use at least 50% domestically produced equipment for new fabs or upgrades. This directive, although not publicly documented, has been enforced quietly, aiming to reduce reliance on foreign technology amid stricter US export controls. Major Chinese companies like SMIC are increasingly adopting local technologies, which is reshaping the market and boosting domestic suppliers like Naura and AMEC. This shift could significantly impact procurement strategies for companies relying on foreign semiconductor equipment, as they may need to adapt to new sourcing requirements and potential supply chain disruptions....