China’s trillion-yuan gamble on AI and chips is creating strange bedfellows - MarketWatch
1. China invests over $138 billion in chip and AI sectors this year. 2. U.S. sanctions on Nvidia drive China’s urgent tech self-sufficiency efforts. 3. Huawei and SMIC collaborate to counteract U.S. export controls on chips. 4. Domestic companies are replacing banned Nvidia products with older technology. 5. China's aggressive investment raises questions about speculative bubbles.