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By Robyn MakThe Chinese giant unveiled new chips that mark its transformation from telecoms-kit maker to AI champion despite Western sanctions. Massive spending on innovation has eroded profitability and supersized its balance sheet, but that has equipped it to challenge the $5.5 trln titan.Full vi…
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Robyn Mak HONG KONG, Sept 24 (Reuters Breakingviews) — The Chinese giant unveiled new chips that mark its transformation from telecoms-kit maker to AI champion despite Western sanctions. Massive spending on innovation has eroded p