China Buying of Chipmaking Gear From Singapore Hits 8-Month High
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Singapore is benefiting from the US-China discord in at least one respect: semiconductor sales.
China imported $407 million worth of chipmaking machinery from Singapore in April, according to the latest Chinese customs data. It was the highest amount since August, rising 9.6% from March and going against the wider trend of diminishing semiconductor exports to China. The country overall imported 27% less in chipmaking gear during April than the prior year.