The US-China tech war has evolved since the last Xi-Trump summit. Who has the edge now?
The two sides have found new sources of leverage across AI, chips, rare earths and wider technology supply chains since the US leader’s May visit to Beijing. Huawei remains a central battleground; as Washington tightens restrictions, the company has set an internal goal of “becoming Nvidia”. Days before Xi Jinping’s trip to Washington for talks with Donald Trump, Huawei announced a system it said could enable up to 1 million processors to operate as one computer.
Why it matters: This matters because the evolution of leverage in technology supply chains shapes the broader US-China strategic rivalry.