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.