CITIC Securities: The domestic semiconductor industry will continue to experience high prosperity. It is recommended to focus on leading platform companies in semiconductor equipment.

Ask AI · How can AI compute power demand accelerate the expansion of the domestic equipment market?

A CITIC Securities research report says that SEMICON CHINA 2026 demonstrates three major trends in China’s semiconductor industry: a shift from breakthrough-by-breakthrough to the rise of the entire industrial chain, breakthroughs from mature process technologies to advanced process technologies, and expansion from the domestic market to the global market. As domestic semiconductor equipment, components, and materials achieve step-by-step breakthroughs across all links, advanced process products are deployed in volume, overseas dependency continues to decline, and local companies become the core driver of industry growth. It also expects that leading domestic wafer fabs will continue to expand capacity in the future. Faster construction of advanced process production lines will provide a vast market space for domestic equipment and materials, further promoting the domestic substitution process. In the long run, driven by demand for AI compute power, advanced storage, and new energy, China’s semiconductor industry is expected to remain in a sustained high-visibility cycle. Domestic substitution is the most certain mainline. With technology breakthroughs, cost advantages, and service capabilities, local companies are expected to take a more important position in the global semiconductor industry landscape and seize long-term growth opportunities. Investors are advised to pay attention to top platform-style companies in semiconductor equipment.