Chinese AI Firm iFlyTek Eyes Europe Expansion as US Trade War Heats Up
iFlyTek, a Chinese artificial intelligence firm, is planning to expand its European business as trade tensions rise between the United States and China. The company aims to diversify its supply chain to reduce any impact from tariffs while working to expand its business in countries such as France, Hungary, Spain, and Italy. iFlyTek's expansion plans come after it was placed on a U.S. trade blacklist in 2019, barring the company from buying components from U.S. companies without Washington's approval.
- The move by iFlyTek to diversify its supply chain and expand into new European markets reflects the increasingly complex global dynamics of international trade and technology, where companies must navigate multiple regulatory environments.
- As other Chinese tech giants continue to navigate similar challenges in the US market, how will the European expansion strategy of companies like iFlyTek impact the region's competitiveness and innovation landscape?