The state of China's decade-long semiconductor push: still a decade behind, despite hundreds of billions spent and significant progress — examining the original 'Made in China 2025' initiative

What happened

Analysis indicates China's 'Made in China 2025' semiconductor initiative, despite hundreds of billions in spending, remains a decade behind global leaders and failed to meet its 70% self-sufficiency target for 2025. The article details historical setbacks, such as the blocked Micron acquisition and the Fujian Jinhua DRAM project, and notes a strategic shift towards mature-node DUV lithography due to EUV export controls. Neutral: This long-term strategic assessment confirms persistent technological gaps, reinforcing the stability of the current global supply landscape and offering no immediate catalyst for price action.

Impact and signal

Affected components and suppliers

Source and time

Source: Tom's Hardware · 2/20/2026 · View original source