China's tech self-reliance push deepens under US sanctions

Chinese tech firms are pivoting to domestic chips and equipment, with concrete examples like iFlytek adapting to Huawei Ascend chips, cost drops in hydrogen compressors, and Moore Threads planning Hong Kong listing after 420% share surge. New: A specific bank is fueling China's AI IPO wave, adding a financial layer to the AI race. US accuses China of AI distillation with PLA links, escalating tech war rhetoric.