Nvidia (NASDAQ: NVDA) generated more of its revenue in China than it did in the United States. But as the artificial intelligence (AI) boom took off, the U.S. started to become a bigger and bigger source of growth for the chip designer.

Huawei prepares to test its Ascend 910D AI chip as new US tariffs and restrictions reshape the global semiconductor trade.

Superpower rivalry over semiconductors heats up despite Washington’s attempts to block Beijing.