China's leading semiconductor executives are advocating for a concerted effort to establish an indigenous alternative to ASML Holding N.V. in response to increasing U.S. restrictions on advanced chip tools.

In an article published in Science and Technology Review, executives from Semiconductor Manufacturing International Corporation (SMIC), Empyrean, Yangtze Memory Technologies (YMTC), and Naura Technology, alongside academics, emphasized the need for China to consolidate its resources and expertise to bolster its chip sector.

They underscored the challenges posed by the current industry fragmentation, advocating for a coordinated approach to enhance China's capabilities in EDA and wafer production. The goal is to develop a robust EUV ecosystem by aligning efforts under the 15th Five-Year Plan, set to conclude in 2030.