If viable, this could fundamentally transform many industries. What happens when your car only weighs a fraction of its current weight? Will that make batteries more viable as car power sources? Sadly the ccp has almost certainly already stolen this or it could IMO give us a significant military advantage. This is actually an exciting prospect.
It's entirely possible that Chinese researchers working for MIT invented it and China got it before MIT did. A lot of US inventions have been made by Chinese students and professors in our colleges.