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In 2015, the Chinese government announced the strategic industrial development policy known as Made in China 2025. Of the ten key industries targeted, new energy vehicles (NEVs) have arguably achieved the greatest success, changing the dynamics of the global auto industry and thoroughly alarming US and European governments.
While investors reassess their exposure to Nvidia and TSMC in light of Donald Trump’s remarks about Taiwan, Canadian AI chip, software and hardware design company Tenstorrent stands out as a competitive alternative to TSMC, one that works with IC foundries in South Korea and Japan.
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The sixth World Artificial Intelligence Conference held at the Shanghai World Expo Exhibition and Convention Center from July 4-7 was a demonstration of China’s position as a fast follower creating a large, diverse and multinational alternative to a US-centered AI industry.
Huawei and ZTE are cranking up and rolling out 5G-Advanced network services, expanding the Chinese telecom giants’ global lead in mobile communications. The new technologies were on display at the Mobile World Congress (MWC) exhibition staged in Shanghai from June 26-28.
Although another American serviceman has been charged with sexual assault in Okinawa, provoking outrage among the local population and putting the large and controversial US military presence on the island back in the headlines, fear of China appears to have combined with a phenomenon that may be termed “base fatigue” to mute popular anger.
“Digital deficit” has become a buzzword in Japan as the annual balance of payments deficit in digital services has more than doubled over the past five years to about ¥5.5 trillion ($34 billion) and imports of AI processors go through the roof. Amazon, Apple, Facebook, Google and Microsoft dominate the internet-based businesses, while Nvidia and other foreign companies provide Japan with advanced computing-related logic ICs.
