China & Malaysia’s Blockbuster Decision Shatters U.S. Rare Earth Strategic Plan

#china #america #semiconductor #vietnam #malaysia #mineral

Since China restricted the export of rare earth materials, it has had a huge impact on the development of U.S. semiconductors.

Therefore, in the past few years, the U.S. government has been actively seeking new sources of rare earth supplies to reduce overreliance on China's rare earths.

However, the focus of recent cooperation seems to have shifted to Southeast Asia.

During President Biden’s visit to Vietnam, the two sides signed a strategic partnership upgrade agreement, the most important part of which involves a series of agreements on rare earth resources.

Biden's displeasure comes just days after the United States reached a rare earth cooperation agreement with Vietnam.

Another country in Southeast Asia, Malaysia, chose to side with China and announced that it would stop exporting rare earth resources to other countries in October.

This decision will further impact the development of the US semiconductor field and may even undermine the US-Vietnam cooperation plan.

So what exactly happened?