1️⃣Semiconductor equipment domestic substitution is divided into four parts: front-end equipment, back-end testing (most flexible this year), upstream materials, and wafer foundry. But the logic and odds for these stocks in equipment, materials, and foundry are not the same, so they can't all be regarded as equipment leaders.

2️⃣This PDF breaks down each process step into the leading and sub-leading stocks, totaling 17.
3️⃣Stock selection mainly involves STAR Market stocks, requiring assets of 500k yuan and 24 months of brokerage trading experience. If you lack permission or don't want to pick individual stocks, buying ETFs directly is the easiest, as mentioned in the PDF.