China plans to invest roughly $295 billion in a nationwide AI data center network over the next five years, Bloomberg reports. At least 80 percent of the technology would come from domestic suppliers like Huawei. Meanwhile, Taiwan is considering making AI chip smuggling to China a criminal offense for the first time.

China is drafting a ~$295bn five-year plan to build a national AI data-centre network run on 80% homegrown tech, squeezing out Nvidia and AMD.

National Development and Reform Commission is among key government agencies drafting a blueprint to build a network of inter-connected computing hubs across the country, the…