Industry Notes

Industry Notes / Semiconductors: domestic substitution / Chapter 1 of 5 · Bar

Upstream localization is still low

These are magnitudes, not a census

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Rough localization
Mature design
40%
Equipment
20%
Materials
20%
EDA
10%

Mature chip design is roughly 30% to 50% localized. Equipment and materials are nearer 20%, and EDA is lower. The room is where localization is still low.

Source：产业链公开信息的国产化率量级估计；非精确普查，请以公司财报与权威数据为准

Research notes, not investment advice.