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Gavekal Technologies: Chips
China Targets Full-Chain Chip Breakthrough
Laila Khawaja
12 Mar 2026
China targets full-chain chip breakthrough; Nvidia’s B300 in high demand in China; China’s new national M&A fund.
Gavekal Technologies: Briefing
Will AI Supercharge The China Shock?
Laila Khawaja, Tom Hancock
9 Mar 2026
Most coverage of US-China AI competition assumes that the two countries are in the same race to build the best frontier AI model. But China is running a different race—to deploy artificial intelligence through its massive industrial system. The chances are that smart automation will entrench China’s dominance of global manufacturing, even if no Chinese AI model ever matches the top model from the US.
More research
China Enriches Export Control Toolkit
Beijing debuts export control “watch list”; Chinese firms accelerate auto chip self-sufficiency; National IC Fund III invests in humanoids; implications of the US strike on Iran.
Washington’s AI Anxiety Rises
Trump resists calls for tougher restrictions on China tech; ByteDance expands AI hires in the US; India’s AI summit had little China; Xiaomi doubles down on indigenous efforts.
US Biotech Is Safe From China (For Now)
Today in Gavekal Technologies Briefing we assess the growing fear in the US that its biotech industry is about to be overwhelmed by a flood of low-cost Chinese competition. The fear is overblown: the American edge in underlying innovation is solid, and US and European big pharma will reap most of the financial gains from the new drugs starting to come out of China. But to maintain its lead into the 2030s and beyond, the US biomedicine industry needs some serious regulatory reform.
US (Briefly) Blacklists Chinese Firms
US briefly blacklists Chinese firms; moonshot AI targets overseas market; ByteDance self-develops AI chip.
Engineering An AI Nation
Beijing views AI as a transformative technology and aims to make compute a public utility to accelerate nationwide AI diffusion. To achieve this vision, it is coordinating a national megaproject to optimize compute and energy resources, and building a unified computing network to enable centralized monitoring and scheduling.
Beijing’s ‘New Energy System’
In today’s Gavekal Technologies Briefing we explain China’s ambitious plan to become an electricity superpower. Major investments and policy reforms aim to make electricity the nation’s top source of energy, and renewables the top source of electricity. A clean electricity-based economy could give China a global edge.