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The semifinals battles are numbered, similar to the Sword and Shield arc, so they will like be at least one more, perhaps two semifinals episodes still coming, which would mean that the battles last for more than one episode.

I personally believe the clip show could've been done to save the animators time and money in preparation for the following M8 battles, which are going to be longer and bigger than the quarterfinals matches.

Not really. Even the non-flashback bits used recycled animation.

https://bulbapedia.bulbagarden.net/wiki/JN119 Discuss the clip show episode here.