China is mandating chipmakers to use at least 50% domestically made equipment for new capacity, aiming for self-sufficiency amid US export restrictions. Authorities are pushing for 100% domestic equipment in the future. President Xi Jinping is leading a nationwide effort to build a local semiconductor supply chain, with firms like Naura advancing in etching tools. State-affiliated entities have placed record orders for domestic lithography machines, signaling a surge in demand for local technologies. Beijing has poured billions into the semiconductor sector through the “Big Fund” to support the local chip supply chain. Naura and AMEC are advancing quickly, with Naura filing a record number of patents and revenue jumping significantly. China’s progress in self-sufficiency is concerning global competitors as foreign suppliers are squeezed out of the market.

Read more at Yahoo Finance: Exclusive-China mandates 50% domestic equipment rule for chipmakers, sources say