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China’s chip equipment rally faces earnings test as memory boom fuels bets on local tools

China’s chip equipment rally faces earnings test as memory boom fuels bets on local tools
South China Morning Post Tuesday 07 July 2026, 06:13 UTC By Howard Liu 1 min read
Key Points

China’s semiconductor equipment industry is heading into the first-half earnings season under intense scrutiny, as a broad stock rally turns one of the tech sector’s least visible niches into a crowded investor trade. The rally has swept across makers of etching, thin-film deposition, cleaning and testing machines, among others, reflecting bets that China’s next round of chip spending will benefit a wider group of domestic suppliers. Shares of Naura Technology Group have soared more than 70...

China’s semiconductor equipment industry is heading into the first-half earnings season under intense scrutiny, as a broad stock rally turns one of the tech sector’s least visible niches into a crowded investor trade. The rally has swept across makers of etching, thin-film deposition, cleaning and testing machines, among others, reflecting bets that China’s next round of chip spending will benefit a wider group of domestic suppliers. Shares of Naura Technology Group have soared more than 70 per...
China (LOCATION) Naura Technology Group (ORG)
Originally published by South China Morning Post Read original →

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