📊Executive Summary

The article discusses the shifting landscape of China's semiconductor supply chain, emphasizing the increasing importance of Southeast Asia, particularly Singapore and Malaysia, as key hubs for semiconductor equipment. Due to US export controls, China's direct imports of US chipmaking equipment have significantly decreased, while imports from Southeast Asia have surged. This shift indicates a regionalization of China's procurement network, which is becoming more compliance-sensitive and reliant on third countries. The article highlights the strategic role of Southeast Asia in the US-China semiconductor competition, as it supports China's access to US-linked technology and equipment without violating export controls. This evolving landscape necessitates close monitoring by procurement teams in the semiconductor industry....