Technology is at the heart of the current geopolitical debate. The notion of a potential decoupling between the West and China suggests a horizon where the two technological ecosystems may evolve divergently, creating parallel worlds with their own rules, standards, and innovations. This potential scenario poses significant challenges for companies and also opens a crucial dialogue about the resilience and adaptability of global innovation networks, with particular impact on Europe. In this context, corporate boards must focus on enhancing the oversight of their company’s innovation ecosystem and consider various questions: Which technologies will be crucial? Which sectors will be most affected? To address these and other questions, we need to delve deeper into the geopolitics of innovation.