China’s trillion-yuan gamble on AI and chips is creating strange bedfellows

As U.S. export controls bite, China’s tech giants and local governments are forging unlikely alliances — Huawei’s with rival SMIC, for one — to build a parallel ecosystem.

Jun 17, 2025 - 22:56
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China’s trillion-yuan gamble on AI and chips is creating strange bedfellows
As U.S. export controls bite, China’s tech giants and local governments are forging unlikely alliances — Huawei’s with rival SMIC, for one — to build a parallel ecosystem.