Since the commencement of the US-China trade war in 2018, the race for 5G technology has emerged as a pivotal aspect of the conflict. The significance of 5G lies in its ability to deliver faster internet speeds, lower latency, and increased data transmission capacity, which are poised to drive the advancement of the Internet of Things, virtual reality, augmented reality, and catalyze the fourth industrial revolution. These developments have the potential to bring about substantial changes to human life and potentially reshape the global economic landscape.