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19 hours ago

China’s routing of Biden in chip war with US created a communist tech giant

Despite American export controls designed to cut Huawei off from the world's most advanced semiconductor technology, China's largest technology company is poised to post a 60% jump in chip revenue this year — a far cry from the death blow the Biden administration had hoped the restrictions would deliver.Following export controls implemented in 2023, China directed its state agencies to purchase hardware, chips, mobile devices and software from Huawei while also pouring over $1 billion in government grants into the company.Now, three years later, Huawei is expected to close 2026 with about $12...