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The Chip Cold War

The race for artificial intelligence is reshaping the balance of power between governments, markets and technology

Published on June 1, 2026


The Chip Cold War

For decades, the world's major geopolitical disputes were defined by oil, military power and strategic influence. Today, a different race has moved to the center of government agendas and investor attention. The most valuable strategic resource of the 21st century is no longer buried underground or stored in military stockpiles. It flows through data centers, research laboratories and global semiconductor supply chains.

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