[Image] Written by Wang Xiaofa 01 Overview of the Industry Chain 🌴 [Image] When it comes to semiconductors, almost everyone interacts with them daily—whether it’s in smartphones, computers, cars, air conditioners, or even your rice cooker. The semiconductor industry chain is essentially a vast spider web that spans the globe, and it requires patience to fully comprehend. The industry chain can be broadly divided into three segments: upstream materials and equipment, midstream manufacturing, and downstream applications…