Chip Company Plotted to Send Technology to China, Ex-C.E.O. Says

China's exports are increasingly challenging European markets, leading to a potential clash between the two economic powers. This trade boom is raising concerns about the sustainability of European industries and their ability to compete in a rapidly changing global landscape.

Last week, two fistfights occurred between employees of PDD Holdings Inc. and Chinese regulators during an audit at the company's Shanghai offices, highlighting tensions between the e-commerce firm and government oversight.

China's government is pushing for power supremacy by transforming Inner Mongolia into a hub for cheap electricity, which is crucial for its artificial intelligence (AI) ambitions. This initiative aims to bolster China's position in the global tech landscape amid rising competition, particularly from the U.S.

SpaceX is reportedly targeting an initial public offering (IPO) in 2026, aiming to raise over $30 billion, which would set a record for the largest IPO in history. This announcement comes as the company prepares to sell insider shares that could value it at up to $800 billion, reflecting strong investor confidence in its future prospects.

President Trump has announced a significant policy shift allowing Nvidia to sell its advanced H200 AI chips to approved customers in China, effectively lifting a previous export ban imposed due to national security concerns. This decision includes a 25% surcharge on sales, which experts have criticized as illogical given the context of the deal.

U.S. investors are significantly increasing their investments in Chinese artificial intelligence (AI) companies, despite rising tensions between Washington and Beijing regarding technology competition. This trend reflects a strong belief in the potential of AI to drive economic growth and innovation.

Startups and venture capital in Silicon Valley are accelerating efforts to develop new sources of critical minerals, aiming to reduce the United States' reliance on China, which currently dominates the supply of these essential materials.

The implementation of Trump tariffs has effectively ended China's monopoly on the U.S. video game console market, paving the way for Vietnam to emerge as a significant player in this industry. This shift allows for increased competition and diversification in the market, benefiting consumers and manufacturers alike.