China’s technological growth is outpacing the United States, posing a potential threat to the US defense industrial base, as per a report by data analytics firm Govini. Despite the U.S. federal government’s nearly $200 billion spending on critical technologies in fiscal 2022, China has managed to exceed the U.S. in the number of granted patents across all critical technology subsegments.
  

Key Points: 

1. Govini’s report indicates that China has surpassed the U.S. in granting patents in all critical technology subsegments as of 2022, while U.S.-based companies’ patent numbers have stagnated over the past five years.
2. The U.S.’s highest investment in fiscal 2022 was in biotechnology, with a total of $81.3 billion spent.
3. According to Bob Work, chairman of Govini, the higher number of patents in China indicates future technological dominance and positions China at the top of the competitive chain.
4. The report also finds a heavy dependency of U.S. contractors on Chinese suppliers and investors, with all 12 critical technology areas identified in the report being largely reliant on Chinese supplies.
5. U.S. lawmakers have expressed growing concerns over China’s technological dominance. Senator Mark Warner stated that the nation’s national security now extends beyond traditional military strength and into the realm of technology.

Source: https://www.defensenews.com/industry/2023/07/17/us-falling-behind-china-in-tech-advancements-govini-report-finds/