There is a crack in the US-China tech war: American chipmakers keep making money there

A Hurun report says 26 U.S. chip companies grew revenue in China by an average of 20% in 2025.

Western Digital, Analog Devices and AMD stood out for especially strong growth in the Chinese market.

Nvidia was more constrained by U.S. export controls, limiting its China sales compared with peers.

The findings show China remains a critical market for U.S. semiconductor makers despite intensifying tech rivalry.