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EQUITY RESEARCH|August24,2026|12:06AMHKT
GlobalSemis
CHIPSIV:ChinaSemis
self-suiciencybuilds
In2023,amidthechallengedconstraintsontalent,equipment,
andadvanced-nodechips,wesetoutourirstpiece(reportlink)
answeringthequestionsofwhatitwouldtaketobuildaself-
suicientsemiconductorsupplychain,howmuchcapitalmight
berequiredandwhatarethekeyfactorstodriveChina’ssuccess
inSemis.Inthisfourtheditionafter3years,ouranalysisshows:
▪Ongoingbuildofsupply
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