On October 23, CITIC Securities published its latest research report, maintaining a positive outlook on China’s semiconductor parts and equipment supply chain. The first-hand evidence cited is weighty: the 2026 Wanxin Expo expanded further in scale, attracting more than 6,500 professional buyers, with new domestic equipment and processes showcased on a concentrated basis; in Q3 2026, new equipment orders remained vigorous, the industry is optimistic about equipment demand for more than three years ahead, and some companies believe this round of order acceleration can extend into 2028/2029.
From a medium-to-long-term perspective, the report points out that AI-driven global capacity expansion and process upgrades are expected to keep opening up equipment demand. CITIC Securities believes that global expansion and domestic substitution together will drive domestic vendors’ orders and market share higher — two overlapping curves that form a growth framework allowing the domestic equipment chain to move beyond single-cycle fluctuations.
From the perspective of the industry landscape, domestic semiconductor equipment is moving from single-point breakthroughs to chain-level maturity: the climbing number of professional buyers at the show indicates that domestic equipment has moved from an alternative option into large-scale procurement lists, while order momentum projected into 2028/2029 means equipment vendors dare to lay out capacity and R&D around long-cycle demand — a depth of supply-chain coordination unseen before.
For Junyi Microelectronics, the maturing domestic semiconductor equipment chain has direct strategic depth: Junyi’s product mainline is core boards built on domestic platforms such as the J-3568/J-3576/J-3588, resonating with the advance of fully domestic manufacturing capability. The higher the degree of autonomy in upstream equipment and processes, the stronger the capacity certainty and iteration speed of domestic SoCs — and the more stable the long-term supply, quality control and cost curve of Junyi’s core board products.
Source: Baijiahao · CITIC Securities Research (2026-10-23) https://baijiahao.baidu.com/s?id=1879834658629772023&wfr=spider&for=pc