[tooltalk]

China doesn't really have any chip-making equipment supply-chain of their own; neither does Taiwan or South Korea. I think that 10 years to EUV timeline is a bit too ambitious considering that it required ASML about 20-30 years to develope and commercialize (with support of the industry, TSMC, Samsung, and Intel). Unless ASML is allowed to license their EUV to China and all 600+ suppliers who make high-precision lenses/machinaries, cutting-edge light-source, electrochemicals, etc, can export their supplies without any restriction, it's still a pipedream.

[dirtyid]

10 years optimistic but PRC in position to create indigenous semi supply chain. After elevating semi to first-level dicipline in 2018, PRC is spitting out 30k IC graduates per year. They're still about 200k short, ~520k/720k out of what IC talent white paper estimates PRC needed for semi industry. I wadger that's comparable to total direct semi industry talent globally, which is really effort from a handful of countries (NL,US,JP,DE) in hardware industry that historically got 2nd pick on talent due to how well software pays. Would take less than 20-30 years to catchup especially if industrial policy mitigates commercialization concerns. It won't be easy but feasible especially if PRC indigenization starts taking domestic shares and take revenue/R&D stream western incubants who has to boost subsidy to plug loss.

[tooltalk]

There is a lot of wishful thinking there.