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The U.S. government plans to cut Intel's preliminary $8.5 billion federal chips grant to below $8 billion, influenced by a $3 billion Pentagon contract for chip production. This adjustment follows President Biden's announcement of nearly $20 billion in grants and loans to enhance domestic semiconductor manufacturing under the 2022 CHIPS and Science Act.
The US Defense Department has failed to achieve a clean financial audit for the seventh consecutive year, revealing ongoing challenges in managing its extensive $3.8 trillion in assets and $4 trillion in liabilities. Auditors, under the Pentagon Inspector General, found the financial records too disorganized to provide a clear assessment. However, the Pentagon claims to have improved its understanding of the underlying issues.
Democratic senators are urging a federal investigation into Elon Musk's communications with Russian officials, including President Vladimir Putin, citing national security concerns. They argue that Musk's ties to a U.S. adversary, while overseeing significant Pentagon contracts, raise questions about his reliability as a government contractor. The call for scrutiny comes amid heightened tensions between the U.S. and Russia, particularly in the context of Musk's role in the space industry and his security clearance.
North Korea's Foreign Minister Choe Son Hui visited Moscow amid reports of Pyongyang deploying about 10,000 troops to support Russia in the Ukraine conflict. Choe expressed North Korea's backing for Russia's military efforts, while concerns grow over potential military technology exchanges that could enhance North Korea's nuclear capabilities.
China has condemned the United States' approval of a $2 billion arms sale to Taiwan, which includes an advanced air defense missile system. The Chinese government vowed to take "countermeasures" to protect its sovereignty, expressing strong opposition to the sale and lodging formal complaints with the U.S. This marks the 17th arms sale to Taiwan under the Biden administration, despite the absence of formal diplomatic ties between the U.S. and Taiwan.
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