26 August 2025 Global Semiconductor Capital Equipment Global Semiconductor Equipment: China WFE as a double-edged sword David Dai, CFA +852 2918 5704 david.dai@bernsteinsg.com Stacy A. Rasgon, Ph.D. +1 213 559 5917 stacy.rasgon@bernsteinsg.com Qingyuan Lin, Ph.D. +852 2123 2654 qingyuan.lin@bernsteinsg.com Mark Li +852 2123 2645 mark.li@bernsteinsg.com Juho Hwang +852 2123 2632 juho.hwang@bernsteinsg.com Carmine Milano +44 207 762 1857 carmine.milano@bernsteinsg.com Alrick Shaw +1 917 344 8454 alrick.shaw@b ...