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Coco Feng - South China Morning Post

Chinese state-owned firms set up chip funds for long-term innovation Breaking | Shein receives approval for Hong Kong IPO from Chinese regulators Game-changer? Why China is finally letting its AI firms buy the Nvidia H200 Why Alibaba shares just scored their strongest gains in Hong Kong this year China records most new unicorn start-ups in 5 years as AI and robotics boom Final insurance frontier: Hong Kong sees opening in mainland China’s space boom How a Chinese physical AI start-up’s new paradigm bypasses US road maps Dishing the dirt: official media alleges smear tactics in delivery battle Zhipu AI market cap tops HK$1 trillion after GLM-5.2 release Chinese AI improves forecasts as Hong Kong braces for super typhoons Alibaba and JD.com targeted in smear campaign ahead of shopping festival Who pays when rockets explode? 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Top chip leaders urge national drive to ‘build China’s ASML’ amid US curbs
Coco Feng · 2026-03-05 · via Coco Feng - South China Morning Post

China’s top semiconductor executives have called for a nationwide push to build a domestic alternative to Dutch chip-equipment giant ASML, urging the industry to “abandon illusions and prepare for struggle” amid US sanctions.

The current industry was too “small, fragmented and weak”, which was “dispersing numerous public resources”, according to an article co-authored by the co-founder of Semiconductor Manufacturing International Corporation (SMIC) and leaders of Empyrean, Yangtze Memory Technologies (YMTC), Naura Technology, and academics.

SMIC is the country’s top chip foundry, Empyrean is a leading integrated circuit design software developer, YMTC is a memory giant and Naura is China’s top semiconductor-equipment maker.

The article said that the US had contained China’s rise in three main areas: electronic design automation (EDA) used for chip design; silicon wafers, a key chip material; and manufacturing equipment, especially extreme ultraviolet (EUV) lithography technology, which is dominated by ASML.

ASML has been barred from exporting EUV machines to China. Photo: AFP

ASML has been barred from exporting EUV machines to China. Photo: AFP

“An ASML EUV machine contains over 100,000 components sourced from 5,000 suppliers [while] ASML serves merely as the integrator,” according to the article by SMIC co-founder Wang Yangyuan, Empyrean chairman Liu Weiping, YMTC chairman Chen Nanxiang and Naura chairman Zhao Jinrong and professors from Tsinghua University and Peking University.

The article, “Building an independent and controllable integrated circuit industry system”, appeared in the February issue of the Chinese journal Science and Technology Review. The online version was published on Wednesday.