China Analog: Cycle and competition update, "stabilization" is the theme Qingyuan Lin, Ph.D. +852 2123 2654 qingyuan.lin@bernsteinsg.com Stacy A. Rasgon, Ph.D. +1 213 559 5917 stacy.rasgon@bernsteinsg.com Zheng Cui +852 2123 2694 zheng.cui@bernsteinsg.com 1 December 2025 Global Semiconductors Francis Ma +852 2123 2626 francis.ma@bernsteinsg.com Alrick Shaw +1 917 344 8454 alrick.shaw@bernsteinsg.com Arpad von Nemes +1 917 344 8461 arpad.vonnemes@bernsteinsg.com In our previous reports (links), we analyzed C ...