Global Semiconductor Capital Equipment China WFE Import Tracker (Oct 2025): Oct YTD YoY +7% Qingyuan Lin, Ph.D. +852 2123 2654 qingyuan.lin@bernsteinsg.com Stacy A. Rasgon, Ph.D. +1 213 559 5917 stacy.rasgon@bernsteinsg.com David Dai, CFA +852 2918 5704 david.dai@bernsteinsg.com 24 November 2025 Zheng Cui +852 2123 2694 zheng.cui@bernsteinsg.com Francis Ma +852 2123 2626 francis.ma@bernsteinsg.com Lithography Oct MoM -25%, YoY 90%; YTD YoY -10%. Deposition Oct MoM -42%, YoY 1%; YTD YoY 13%. Dry Etch Oct MoM ...