China unveils $295 billion plan to build national AI data centers on homegrown chips by 2028
Beijing is drafting an ambitious $295 billion plan to construct a nationwide network of AI data centers over five years, requiring 80% domestic sourcing from suppliers like Huawei. The National Development and Reform Commission is leading the blueprint, with state carriers China Mobile and China Telecom set to operate the facilities. However, limited domestic chip production capacity threatens to undermine the timeline.