America's Chip Industry Finds Unlikely Haven in China The recent Hurun list highlights an intriguing paradox: despite years of trade tensions, US chipmakers are thriving in China.
Twenty six American semiconductor firms saw their revenue from the mainland rise by an average of 20% last year, driven by China's insatiable appetite for high end silicon.
This development seems counterintuitive given the long standing disputes between the US and China over trade and technology transfer.