China Buying of Chipmaking Gear From Singapore Hits Eight-Month High

(Bloomberg) — Singapore is benefiting from the U.S.-China discord in at least one respect: semiconductor sales.

China imported $407 million of chipmaking machinery from Singapore in April, according to the latest Chinese customs data. It was the highest total 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 in the prior year.