The technological decoupling between the U.S. and China has been a boon to Chinese firms from chipmakers for smartphones and electric vehicles through to software that are the backbones of millions of businesses' daily operations. Chinese companies might have established a firm grip on internet services for consumers, but many fundamental technologies undergirding hardware and enterprise software remain in the hands of Western companies. Huawei's plan to unshackle imported chips is just one oft-cited example of the vulnerability of Chinese firms dependent on foreign tech.
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