Alice Han and James Kynge break down Huawei’s bold new strategy to challenge Nvidia and the future of AI chips. They explore the rise of Huawei’s influential &quot;chip queen&quot; He Tingbo, the company’s attempt to move beyond Moore’s Law, and what it could mean for the global semiconductor race. Then, tensions between China and Europe are heating up. With record trade deficits, growing concerns over Chinese imports, and new efforts to protect European industries, Alice and James examine whether a full-scale China-EU trade war is beginning to take shape. Finally, Hong Kong has officially overtaken Switzerland as the world’s largest offshore wealth hub. They discuss what’s driving the surge in cross-border wealth flowing through Hong Kong, why China’s ultra-rich are increasingly keeping assets closer to home, and the risks that come with tying so much wealth to the fortunes of mainland China. Subscribe to China Decode on Substack for weekly analysis, livestreams, and deep dives into the biggest story shaping the global economy: chinadecode.profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

China Decode: Can China Challenge Nvidia’s Dominance?

The Prof G Pod with Scott Galloway

# Full Transcript

**Podcast:** The Prof G Pod with Scott Galloway

## Transcript

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[SPEAKER_C] It really couldn't be a bigger story. Already, Jensen Huang, the CEO of Nvidia, has said that his company has largely conceded—those are his words—largely conceded China's AI chip market to Huawei. In 2026 so far, Huawei has captured around 50% of the Chinese market for AI chips. What this really means is that chip companies in the future might stop obsessing so much as they do right now about how small the transistors in the semiconductor should be, and they might focus more instead on how fast the data moves through a semiconductor.

[SPEAKER_D] Welcome to China Decode. I'm Alice Han.

[SPEAKER_C] And I'm James Kynge.

[SPEAKER_D] In today's episode of China Decode, we're discussing the latest sign that China's chip industry might overtake Nvidia, a growing trade war with the European Union, how Hong Kong has become more popular than Switzerland for the mega-rich. That's all coming up. But first, let's do a quick check-in with how the Chinese markets are starting the week. On Monday, markets were down today as investors turned cautious over renewed Chin...

China Decode: Can China Challenge Nvidia’s Dominance?

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
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China Decode: Can China Challenge Nvidia’s Dominance?

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.