On September 2, a research report by CITIC Securities highlighted the continued growth of the China Semiconductor Equipment and Core Components Exhibition (CSEAC 2026). The event has expanded significantly, with a notable rise in both the number of exhibitors and the scale of displays by manufacturers of core components and materials. Insights from official WeChat updates by participating companies like AMEC and Kema Technology suggest that the semiconductor equipment industry chain is poised for further improvement in order momentum during the third quarter of 2026. The industry maintains an optimistic outlook regarding equipment demand over the next two to three years.

In the medium to long term, advancements in autonomous control for advanced logic processes, upgrades to 3D NAND architectures, and the development of HBM (High Bandwidth Memory) and advanced packaging technologies are anticipated to continually introduce new equipment categories and enhance value. Regarding the industry chain, upstream domestic components are transitioning from peripheral support roles to core process segments. Midstream equipment continues to hold strong promise, while downstream advancements in storage and packaging technologies are driving ongoing demand for new equipment.

Additionally, the increased involvement of overseas manufacturers and customers underscores the potential for expanding overseas demand for domestic equipment, components, and materials. CITIC Securities remains confident and optimistic about the growth trajectory of China’s semiconductor equipment and core components industry chain.