China expands legacy chip exports as Nvidia H200 imports resume

China has formally established the World Artificial Intelligence Cooperation Organization (WAICO) to institutionalize its influence over global AI standards, with Indonesia joining, signaling a bifurcated international regulatory landscape. Concurrently, Japan has unveiled a significant 370 trillion yen investment strategy to close the technological gap in AI and semiconductors, indicating a more aggressive industrial policy to compete with U.S. dominance. The U.S. is evaluating sanctions against China over AI IP theft, while China considers stricter export controls on AI models and semiconductor technology, further escalating the tech rivalry.