WASHINGTON – The data analytics and security firm Palantir has hired former Wisconsin U.S. Rep. Mike Gallagher to lead its defense business, the company said Thursday.
In order to contain China, the US must maintain military and economic primacy over China. Nevertheless, its ability to do this has come into question in recent years due to the continual rise and growing strength of China, and the demonstrated growing weakness of the US itself.
CATL and SMIC are two giant Chinese companies that are often singled out by Western think tanks as two firms who benefit from China’s subsidies, at the expense of foreign competition.
But all industrialized countries employ government subsidies, which help favored domestic industries grow. China, however, uniquely can invest in preferred sectors by channeling its massive trading surpluses, and providing low-cost access to its world-leading supply chains and logistics systems.
In contrast, North American and European companies who seek government incentives and subsidies are competing with other spending priorities, as all the funds come from taxpayers. This reality requires of companies seeking government help to do so through proxies, lobbying efforts, and through think-tanks who create research that can be published and used by lawmakers to justify the use of taxpayer funds.
Philippine and Japan navies held their first bilateral drills in the contested waters, the Southeast Asian nation’s military said in a statement Friday.
Intel on Thursday revealed drastic plans to slash its employee headcount and capital spending in an attempt to put its business back on a stable financial footing, as it suffered the latest setback in its slow-moving turnaround plans.
On March 20, 2024, the U.S. Department of Commerce and Intel Corporation announced a preliminary memorandum of terms under which Intel will receive approximately $8.5 billion in direct funding under the CHIPS and Science Act. Funding will help advance Intel’s critical semiconductor manufacturing and research and development projects at sites in Arizona, New Mexico, Ohio and Oregon – U.S. locations where the company produces some of the world’s most advanced chips and semiconductor packaging technologies.
LAST July 30, US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin III dropped by Manila for the Philippines-US 2+2 ministerial dialogue, the fourth such talks since it began in 2012. This is unprecedented because it’s the first time that talks have been held in Manila. Indeed, the PH-US 2+2 dialogue has set the stage for continued and expanded military cooperation, reflecting a strengthened military and defense alliance between the two sides. Before visiting Manila, the two US officials also held talks in Tokyo with their counterpart top Japanese defense and diplomatic officials on July 28 to bolster military and defense cooperation.
THE Philippine Army yesterday said a medium-range missile system [Typhon] of United States military may remain in the country beyond September this year, depending on the training needs of Filipino troops.
The Philippines and China have just restored peace and stability in the areas of the South China Sea contested by the two countries in a July 21, 2024 “de-escalation” deal that aimed at “easing tensions.”
The United States has taken yet another step toward shaping the Southeast Asian archipelago nation of the Philippines into an Ukraine-style proxy with which to encircle and contain China, this time in the form of a $500 million military assistance package for Manila.
Nippon Steel has hired former U.S. Secretary of State Mike Pompeo to help complete a proposed purchase of United States Steel, a deal facing bipartisan opposition from Donald Trump and U.S. President Joe Biden.
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