Trump, XI reach understanding on chips we don't know much about, says Jeff Moon

Core Insights - The recent negotiations between the US and China have left many details unclear, with both sides making statements but lacking concrete agreements [1][2] - The focus of the discussions included rare earths and semiconductor chips, but the outcomes appear to revert to previous positions rather than yielding new agreements [2][6] Group 1: Rare Earths - The rare earths issue is significant and is expected to be leveraged by China in future negotiations, indicating that this will be an ongoing topic of discussion [4][5] - The Trump administration is encouraged to prioritize rare earths by establishing a dedicated program office similar to the Biden administration's focus on semiconductor chips [5] Group 2: Semiconductor Chips - Semiconductor chips were a key topic during the negotiations, but specific details regarding agreements or advancements remain undisclosed [6][8] - China is actively seeking to acquire more chip technology to reduce its dependence on the US, aiming for long-term independence in technology [9][10]