SemiAnalysis: Northern Huachuang accelerates the localization of etching in China, with its market share ranking first in Changxin ICP etching According to BlockBeats, on June 26th, SemiAnalysis, an independent research institution for semiconductors and AI, stated that China's localization process in the field of etching equipment is accelerating, and the pace is significantly faster than that of deposition equipment. Data shows that the import of front-end equipment in China has decreased by 18% year-on-year so far this year, while the import of deposition equipment has increased by 3% year-on-year. SemiAnalysis believes that this means that China's domestic substitution has made substantial breakthroughs in the etching process. The synchronized financial reports of global etching leaders confirm this judgment: the revenue of Applied Materials China decreased by 16% year-on-year in the fiscal year 2025, and the revenue of Tokyo Electronics China decreased by 18% year-on-year in the fiscal year 2026. SemiAnalysis points out that Northern Huachuang is a key driver of this trend, and channel research shows that its market share in ICP etching at Changxin Storage has already ranked first. With Changxin continuing to expand production, Northern Huachuang is expected to further consolidate its share and expand its revenue scale. [Original link]