China's AI Industry Hindered by Chip Shortage and U.S. Competition

CNBC's Jim Cramer believes that China is facing challenges as the US market for chips used by artificial intelligence software is expanding. The US government has blocked exports of these powerful semiconductors to China, and Cramer doesn't think China's homegrown semiconductor companies can keep up with US production, especially with AMD now joining the fray. Without these chips, China simply can't build out the kind of artificial intelligence that the Western world's embracing.