Asia Pacific Equity Research 08 September 2025 China Technology What does the indigenous AI supply chain look like? Takeaways from AI supply chain access event We hosted an event on the China indigenous AI supply chain in Shenzhen. Our key takeaways are: (1) AI chip unit demand could grow close to a 40% CAGR by 2027, and local developed chips to gain share; (2) various memory solutions, both hardware and software, to boost system performance; (3) open source-ecosystems, such as pseudo-CUDA platform, to lowe ...