Can China build its own ASML?
Summary
The article discusses China's ambition to build a 100% domestic chip-equipment supply chain, with SMIC advancing 7- and 14-nm production while lithography remains the bottleneck. It highlights Huawei-backed suppliers (SiCarrier, UEAscend), SMEE, and government funding (Big Fund) to accelerate domestic lithography development, even as US export controls complicate access to advanced tools. It also notes ASML's continued dominance, the complexity of EUV/DUV lithography, and the long horizon for China to reach parity.