China's Chip Industry Sold $240 Billion in a Year, Yet Holds Only 6% Share?

Jensen Huang said on the All-In Podcast in September that China could have its own advanced lithography tools by 2030. Carl Zeiss, which supplies optics for ASML's EUV machines, estimated that China needs about 15 years to build an EUV tool. The gap comes from the different equipment they referred to: Huang's remark concerned advanced lithography systems in general, while Zeiss's 15 years refers specifically to EUV. According to the China Semiconductor Industry Association, China's IC industry revenue reached $240 billion in 2025, while SIA/WSTS, which counts by company headquarters, puts China's global share at about 6%. Domestic equipment's share of Chinese wafer fab purchases rose from roughly 10% three years ago to 35% in 2025, exceeding the government's 30% target. Domestic lithography penetration is only 18%. Shanghai's Aishengna began producing immersion DUV tools in July 2025. China's semiconductor sector runs two different races: mature nodes, where it is a major power, and advanced nodes, where it still trails. Adding them into one total gives a misleading picture of overall competitiveness. US export controls have also created domestic customers for Chinese chip and equipment makers.