If anybody been watching the second hand semi equipment market, all kinds of opportunistic players from China been scouring the market clean for last 5 years.

One of those opportunistic players hoping on becoming a n-th tier fab player is for example Galanz — a kitchenware company: https://twitter.com/ogawa_tter/status/1310852850033946624

Though, there is notion that those are just manoeuvres to get giant tax subsidies from the state. Semiconductor companies in China pay near no tax, even if they have 1 wafer per month fabs.