The replacement of high-end industrial chains remains the primary focus

The replacement of high-end industrial chains remains the primary focus, wafer prober with attention also directed towards frontier innovation and basic breakthroughs. In 2023, domestic substitution will continue to be the primary goal for high-value links in the industrial chain, with a shift in emphasis from previous years' capital-driven approaches to internal market circulation. The expansion of Fan Xinchuang's market coverage includes sectors such as finance, electric power, rail transit, and telecommunications as domestic machine system manufacturers increasingly seek out and procure domestic chips for use in new infrastructure, new energy, digital economy and information consumption scenarios. However, new regulations in the United States have impacted supply chain links such as semiconductor equipment, probe test materials and parts, as well as high-end general purpose chips like memory. As a result of these changes, the localization progress is now undergoing a period of dynamic adjustment. In response, manufacturing and equipment enterprises are ramping up their support for domestic basic materials and parts companies while accelerating verification processes. Additionally, there is a focus on emerging technologies such as Chiplet/advanced packaging, PIC photonic integrated circuits, MRAM/RRAM memory solutions, RISC-V computing architecture, gallium oxide and other cutting-edge innovations that push boundaries in fundamental fields.

A new round of industrial policy cycle is on the horizon, brewing to make a mark for market and system brands. Key nodes such as "Document No. 18" in 2000, "New Document No. 4" in 2011, wafer probing "Outline" in 2014, and "New Document No. 8" in 2020 form China's semiconductor industry policy and drive its sustainable development. The role of industrial policy is not limited to addressing technical challenges in specific fields but also extends to fostering innovation systems and ecosystems. As we navigate through various factors like the escalating Sino-US strategic game, uncertain semiconductor supply chain, and sluggish domestic market demand, the upcoming semiconductor industrial policy cycle will be in effect by 2023.