The latter. Zig actually kinda does define this behavior as "`a + b` shall not overflow" and inserts checks in debug and safe builds for it. To get overflow, which zig defines as wrapping overflow, you use a different operator and no check is inserted "`a +% b`". For speed optimized builds, unless you've explicitly told the compiler to insert checks in that scope, it will turn the checks into nops.

So, while it is technically correct to say that it has undefined behavior for overflow, the practical reality is quite different.