The article discusses China’s plans to support domestic companies like Huawei in the development of artificial intelligence (AI) chips by 2024, potentially at the expense of foreign companies like Apple. According to the report, China aims to have domestic companies capture 70% of the country’s AI chip market by 2024, up from around 30% currently. This move is seen as part of China’s broader efforts to reduce reliance on foreign technology and boost its domestic semiconductor industry. The article highlights the challenges faced by foreign companies like Apple, which relies heavily on Taiwan’s TSMC for chip production. China’s push for self-sufficiency in AI chips could potentially disrupt Apple’s supply chain and impact its ability to produce cutting-edge devices. However, the article also notes that achieving this ambitious goal may be difficult for China, given the technological complexities involved in advanced chip manufacturing.