China Semiconductors_ 2024 review and 2025 outlook
China Securities·2025-01-05 16:23
更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 2 January 2025 China Semiconductors China Semiconductors: 2024 review and 2025 outlook Qingyuan Lin, Ph.D. +852 2918 5759 qingyuan.lin@bernsteinsg.com Zheng Cui +852 2123 2694 zheng.cui@bernsteinsg.com Farewell 2024, hello 2025. We initiated at the beginning of the year with the thesis on domestic substitution, in this call we provide 2024 review and 2025 outlook for the sector. We expect China semis will continue to ride on the trend of domestic substitution in 2025 as geopolit ...