2026-01-12 00:22:36

Looking at the competitive landscape of China's semiconductor industry in 2026, there are indeed many noteworthy companies making efforts.

In terms of etching and deposition equipment, North Huachuang leads with a strong performance growth. ASMI mainly focuses on etching machines, directly benefiting from advanced process iterations. Tuojing Technology is the only domestic leader in thin film deposition equipment, and its dominant position in this niche is quite evident. There is also Jak Technology, which manufactures both lithography machines and specialty gases; its current valuation isn't high, but growth expectations are there.

In the target materials sector, Jiangfeng Electronics is recognized as a leader, with its close ties to SMIC and Changjiang providing a stable demand foundation. On the silicon wafer front, Shanghai Silicon Industry is also making efforts; as an upstream basic material, its importance is self-evident.

On the chip design side, Cambrian as the representative of domestic AI chips needs no further introduction. Zhaoyi Innovation leads in NOR Flash and MCU fields. The new energy vehicle sector is booming, and Guoxin Technology's automotive-grade AI MCU chips have become highly sought after. Tsinghua Unigroup's Unigroup Micro is one of the few players in specialized chips and FPGAs.

In the packaging and testing segment, Huate Technology is the domestic leader, while Changdian Technology has entered the global third tier. In wafer foundry, SMIC's position remains solid.

Looking at the entire chain—from equipment and materials to chips and packaging/testing—domestic players are involved in each segment. Although there are still gaps in some areas, the overall competitiveness by 2026 should see noticeable improvements.

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WalletWhisperer

· 8h ago

It looks good on paper, but the real bottleneck is still those few links. To be honest, it's a bit uncertain. --- Can North Huachuang withstand this wave? It seems to depend on the order situation in the later stages. --- SMIC and Jiangfeng are too tightly bound, which also carries significant risks. --- In the new energy vehicle sector, National Chip Technology is indeed making progress, but the market ceiling needs to be carefully considered. --- Changdian Technology being the third largest globally is already impressive, but I'm worried about potential bottlenecks later. --- The bottleneck position of target materials is indeed tough; this part is quite interesting. --- Cambricon's story has been told for too long. When will it truly land? --- The 2026 timeline feels a bit early? It's only 2024 now. --- The entire chain seems complete, but if one link fails, the whole system collapses. That's a critical flaw. --- Unigroup Guowei receives little attention in FPGA, but it might actually have an opportunity.

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alpha_leaker

· 8h ago

North Huachuang is indeed aggressive this time, but will SMIC get stuck? It seems that the etching machines still rely heavily on the US supply chain.

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MeaninglessGwei

· 8h ago

Let's just say, Tuojing Technology's positioning does have some substance, but will the followers also come up with a similar approach? --- Whether Northern Huachuang's performance can withstand US sanctions remains to be seen; good on paper doesn't necessarily mean it works well. --- Is Jiangfeng Electronics relying solely on orders from SMIC Changjiang really enough to keep it fed? --- Cambricon has been hyped for so long, but we haven't seen a blockbuster application yet—it's a bit disappointing. --- Honestly, what's still missing is top-tier chip design talent; relying only on foundries and materials can't sustain it. --- Should Huadian Technology and Changdian Technology merge? It seems like each is doing their own thing, which might be a waste of resources. --- The key still lies in process technology; can it really catch up by 2026? That's a bit uncertain. --- Is Guoxin Technology's automotive-grade chips reliable? I haven't heard of many mass production cases. --- The entire domestic supply chain sounds quite complete, but what about yield and production efficiency? Those are the decisive factors.

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ForkLibertarian

· 8h ago

North Huachuang and Zhongwei definitely have potential, but it depends on whether the supply side can keep up with demand. --- Jiangfeng Electronics has strong binding relationships that empower it, but its valuation has already skyrocketed. Now, it’s a matter of timing to invest. --- Cambricon is hot, but it’s still early for domestically produced AI chips to really take off. Don’t be too optimistic. --- After such a long bottleneck, has Tuojing Technology really become the only leading domestic player? It doesn’t seem that exaggerated. --- If the entire chain is connected, the key is yield and stability; otherwise, having more leaders is meaningless. --- Changdian Technology has entered the third tier globally. Is this information a bit outdated? Tracking the latest financial reports is more reliable. --- Ziguang Guowei’s FPGA is indeed a rare target; I’m just worried about significant policy fluctuations later on. --- Looking at 2026 is a bit early; semiconductor iteration is so fast now, who knows what the landscape will look like in two years.

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MerkleTreeHugger

· 8h ago

Domestic semiconductor chess game, still depends on the details. North China Huachuang, SMIC, these are indeed making efforts, but the question is how long they can坚持? Those projects supported by major funds, it's hard to say how many will survive in the end. Jiangfeng Electronics ties with SMIC Changjiang, this kind of relationship chain needs to be stabilized. That said, 2026 is still early, don't be too optimistic. However, companies like Shanghai Silicon and National Chip are quite optimistic about the opportunities in the new energy sector. The space for domestic substitution in automotive-grade chips is indeed large. It's just... can the bottleneck in equipment and materials really be突破 in the short term? That's the key.

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