BUSINESSJul 23 · 10:00 UTCSCMP CHINAHoward Liu

China’s tech firms turn the global AI boom into opportunity amid fierce rivalry at home

Chinese tech companies are expanding globally through cloud-based software and foundation models amid a global AI spending surge and domestic competition. Customs data from the first half of 2026 shows a 96% year-on-year increase in integrated-circuit exports to US$177.3 billion.

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