The setback faced by Chinese electronic-parts supplier Wingtech, with Dutch authorities freezing control of its subsidiary, serves as a cautionary tale in the ongoing US-China tech war. This signifies increasing risks for companies operating within this geopolitical conflict. The positive aspect is the heightened awareness of these risks, prompting companies to re-evaluate their international operations and supply chain resilience. For investors, this highlights the substantial geopolitical risks inherent in the technology sector, particularly involving companies with significant ties to China. Political rhetoric and trade policies between the US and China will continue to be major determinants of such risks. Diversification and robust risk management are essential.