Changjiang Securities electronic-sector chief analyst Yang Yang said rising external policy uncertainty is forcing global tech supply chains to reassess supply security and capex timing, accentuating the value of indigenous compute, semiconductor fabrication and core software/hardware in China. He said China’s domestic substitution is shifting from single-product breakthroughs to coordinated supply-chain adoption, moving from “usable” to “scalable and reliable.” Compute chips, high-performance m

Changjiang Securities electronic-sector chief analyst Yang Yang said rising external policy uncertainty is forcing global tech supply chains to reassess supply security and capex timing, accentuating the value of indigenous compute, semiconductor fabrication and core software/hardware in China. He said China’s domestic substitution is shifting from single-product breakthroughs to coordinated supply-chain adoption, moving from “usable” to “scalable and reliable.” Compute chips, high-performance memory and wafer fabs are mutually validating, while advances in equipment, materials and EDA/IP support steadier supply and faster iteration. Demand from Chinese government agencies, financial institutions, telecom carriers and manufacturers for data security, private/on-prem deployments and supply continuity should provide application demand for domestic models and compute.