高盛-全球半导体-中国半导体自给率持续提升.pdfVIP

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高盛-全球半导体-中国半导体自给率持续提升.pdf

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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