2025 Breakdown of China’s Semiconductor Supply Chain (Base 2024)

Today, we share Goldman Sachs’ breakdown of China’s semiconductor ecosystem supply chain for your reference. Company data may be incomplete, and we welcome everyone to contribute in the comments:There is more exciting data on the planet, and we welcome everyone to join and learn~2025 Breakdown of China's Semiconductor Supply Chain (Base 2024)

China Semiconductor Ecosystem:

1. Software: (1) IP: Verisilicon, Actt, Akrostar, IPGoal, Brite Semi, C*Core, Innosilicon, Nuclei System, StarFive (2) Empyrean, X-Epic, Amedac, Primarius, SMIT, UNIVISTA, Xpeedic

The scale of China’s EDA market in 2024 is $2 billion, and the scale of China’s IP market in 2024 is $3 billion.

Materials:

(1) Silicon wafer: Wafer Works, NSIG, GRINM, Zhonghuan, AST, Simgui, Eswin

(2) SiC Substrate: SICC, TankeBlue

(3) Target: KFMI, GRINM

(4) Photomask: Qingyi, Newway, Longtu

(5) Photoresist: Kempur, Ruihong, Sinyang, Cyrstal Clear

(6) CMP Materials: Anji, Dinglong, Xinanna

(7) Gas: HUate Gas, Jinhong Gas, Guanggang, Nata

The scale of China’s materials market in 2024 is $13 billion.

2. IC Design:

1. Smartphone

(1) SoC: Hisilicon, Unisoc

(2) Display & Touch: Goodix, Chipone, Jiiov

(3) RF: Vanchip, Maxscend, EPIC MEMS, Smarter Micro

(4) CIS: Omnivision, GalaxyCore, Smartsens

2. Automotive

(1) SoC: Horizon, Robotics, Black Sesame, Axera

(2) MCU: Chipon, Autochips

(3) IGBT: BYD Semi, Starpower

(4) Ethernet: Aoxin, Motorcomm, JLSemi

3. Consumer Electronics / IoT

(1) SoC: Bestechnic, Avtions Tech, Amiogic, All Winner, Rockchip

(2) MCU: Espressif, SinoWealth

(3) Baseband: ASR

(4) CPU: Zhaoxin, Loongson, Hygon, Sunway, Bluetrum

(5) Interface IC: Novosense, Montage

4. Memory

(1) DRAM: Ingenic, TWSC

(2) NAND: Dosilicon

(3) NOR Flash: GigaDevice

(4) Controllers: YEESTOR, Maxio, Longsys, Puya

(5) GPU/NPU: Cambricon, T-Head, Jingjia Micro, Sugon, Biren, Moore, Threads

(6) FPGA: Anlogic, Gowin

5. Analog

(1) PMIC & Signal Chain: Chipown, INjoinic, SG Micro, 3PEAK, Chipsea, ETEK Micro, Hotchip

(2) Amplifier: Awinic

6. Network & Communication: Sanechips, BDStar, Centec

The scale of China’s IC design market in 2024 is $90 billion.

3. Equipment:

(1) Etching & Deposition: Naura, AMEC, Piotech, E-Town

(2) Lithography System / Components: SMEE, U-precision

(3) Metrology and Testing: Jingce, Skyverse, RSIC Scientific

(4) Ion Implantation: Kingstone, CETC, Sirui Intelligent, Naura

(5) Prober / Handler: Sidea, JHT Design

(6) Packaging Equipment: ASMPT, Nextool, GL Tech

(7) CMP: Hwatsing, Semicore

(8) Test Equipment: Accotest, HYC, ChangChuan, Powertech

(9) Coater/Developer: Kingsemi, TDsemi

(10) Cleaning: ACM Research, PNC

The scale of China’s semiconductor equipment market in 2024 is $50 billion.

4. IDM:

(1) Memory: CXMT, YMTC

(2) Optics: Everbright, YJ Semitech, Toptrans, Elite Opto

(3) Power Semis/Power Discrete: Sanan, Times Electric, Wingtech, CR Micro, Yangjie, JJMicro, Silan, Techsem, Sino-Micro, Innoscience, FMIC

The scale of IDM + Foundry in China in 2024 is $67 billion.

5. Foundry + OSAT:

(1) Foundry: SMIC, Hua Hong, GTA, CanSemi

(2) OSAT: JCET, Tongfu, Huatian

The scale of China’s OSAT market in 2024 is $57 billion.

Additionally, there are core forecast data for China’s wafer manufacturing equipment (WFE) market, a summary of China’s lithography equipment demand (2024-2035E), and predictions for China’s wafer demand (8″ equiv). Major manufacturers in the fields of domestic and foreign wafer fabs, OSAT, CIS, automotive chips, AI chips, etc., will have their R&D, product, and financial progress highlighted in 2024, emphasizing the advancements and breakthroughs of Chinese companies in 2.5D/3D packaging, AI chips, and automotive chips, as well as showcasing the evolution of ASML lithography machine technology. I have placed all related content on the planet, and I welcome everyone to exchange ideas.

2025 Breakdown of China's Semiconductor Supply Chain (Base 2024)

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