It’s pushing Chinese firms to use Huawei and other domestic sources instead. Nvidia’s market share in China collapsed from 95% to essentially zero last year. The summit was framed as a negotiation over what China would buy from America: planes, soybeans, chips. The Huang episode reveals Beijing’s actual priority: technological independence, then supremacy. Trade, markets and profitability be damned.
As China reaches parity and even overtakes the West in more technologies, the direction of technology transfer is reversing. Early signs are already visible.