中国半导体设备_月度 SPE 进口分析_上海 SPE 需求保持强劲-China Semi Equipment_ Monthly SPE import analysis_ SPE demand in Shanghai remained solid

Global Research ab 22 December 2025 China Semi Equipment Monthly SPE import analysis: SPE demand in Shanghai remained solid Key highlights: normalized demand + strong demand indicated in Shanghai China's semiconductor production equipment (SPE) imports normalized to US$2.1bn in November, down 10% YoY and 29%/25% MoM (US$2.98bn in Oct.)/vs 10M25 average (US$2.84bn). Combined import demand in 11M25 reached US$30.5bn, up 5% YoY (down a slight 1ppt from 10M25). In November, Shanghai (US$902mn, +179% YoY) and Be ...