Chinese chip-equipment makers Naura, AMEC, and Piotech will book record orders through 2027.

Made

29 Oct 2026

Owen Bae

Market

China

Outcome

Unresolved

On 28 October the three policy banks finished deploying the 800 billion yuan (about US$110 billion) new policy-based financial instrument, up from 500 billion yuan in 2025. China Development Bank sent 49% of its 365 billion yuan to AI, digital and similar projects, including 2.8 billion yuan for Wuhan Xinxin's fab. Exim added 9 billion yuan for a Guangdong chip base. This helps chipmakers secure bank loans and start buying equipment sooner. Naura, AMEC, and Piotech draw over 60% of its orders from memory makers. Chinese memory maker CXMT plans 50,000–60,000 wafers of expansion requiring 35–43 billion yuan of tool purchases. Similarly YMTC's upcoming third fab needs about 20 billion yuan of tools, with over 50% from local suppliers.

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