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China leads the US in the research of 37 out of 44 critical technologies, claims think tank

China has a "stunning lead" over the US
In a nutshell: The Biden administration might be limiting China's ability to manufacture advanced chips, but according to an independent think tank, the Asian nation is still ahead of the US when it comes to research in 37 out of 44 crucial and emerging technologies, including AI, defense, and key quantum tech areas.
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U.S. Marshals Service hack is the latest in a string of cybersecurity "incidents" over last two weeks

The big picture: The US government has had a bad run of cybersecurity-related incidents over the last couple of weeks. In the span of 12 days, officials from the FBI, DoD, and USMS have confirmed one data leak caused by human error and two separate attacks against government systems. So far, investigators have either not found any suspects or are keeping the lid on what they have discovered.
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US military shoots down fourth unidentified object this month

China is preparing to shoot down a UFO, too
What just happened? In a situation thought to be unprecedented in peaceful times, the US military has shot down a fourth flying object over North American airspace this month. The latest target, described as an octagonal structure with strings but no payload, was shot over Lake Huron in Michigan at 2.42 pm local time on Sunday following orders from President Biden.
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When it comes to semiconductors, leading is not everything

Direct and collateral effects of the CHIPS act
Editor's take: Undeniably, we usually spend a lot of time talking about leading edge semiconductor manufacturing. This is a common mistake that everyone falls into when discussing semis, one which we are as guilty of as anyone. The world is rightly focused on the scarcity of companies capable of operating at the leading edge, but there is a lot more to semis.
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US-China semiconductor battle: Second and third order consequences

Not so obvious ripple effects
Why it matters: Earlier this month, the US government blocked the sale of specific chips to anyone in China. We see this as an important change by the government in the tactics they are deploying. The United States has gone from blocking specific companies in China, to blocking all companies and focusing on specific products. This is a big change, and opens up the question -- what exactly are they hoping to achieve? This matters obviously in that it can help us predict the outcome, but we increasingly hold the view that the government may not have entirely thought through how this will ultimately play out.