Senior US officials are set to visit China this week in an effort to bolster relations amid heated trade tensions. This comes as Huawei Technologies is reportedly close to introducing a new AI chip that could rival Nvidia’s place in the Chinese market. Author of "Chip War: The Fight for the World’s Most Critical Technology" Chris Miller joins Market Domination Overtime to discuss the Huawei news and the future of US-China relations.
"We shouldn’t be surprised that Huawei is trying to build newer and better chips, given that the Chinese government has anointed Huawei as the country’s chip champion and given all the resources that it needs to try to catch up to Western leaders in chip production like Nvidia," Miller explains.
As the 2024 presidential election nears, all eyes are on Vice President Kamala Harris’s position on China. He notes that both President Biden and former President Biden have taken relatively similar stances on China, and adds, "I don’t think it’s likely that Harris would meaningfully shift from any of those positions, whether it’s about subsidizing domestic manufacturing or trying to limit technology transfer to China. Both of those policies have bipartisan support, and they’ve persisted across multiple administrations."
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