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After fresh negotiations in London, tariff rates remain essentially unchanged. Rare earth shipments from China are set to return to pre-April 2 conditions.

Chipmaker Micron Technology said it will spend about $200 billion on U.S. manufacturing, research and development.

At the heart of the policy shift is China’s stranglehold over rare earths and its decision to restrict supply to American manufacturers reliant on the key inputs.

Trade talks between the U.S. and China will continue into a second day, according to an official, as the two sides look to ease tensions over shipments of technology and rare earth elements.

“When it comes to inside China … there is still bipartisan and broad concern about what can happen to these GPUs once they’re physically inside” the country, a White House adviser said.

President Donald Trump’s administration pressed forward with plans to impose tariffs on semiconductor and pharmaceutical imports by initiating probes led by the Commerce Department.

Taiwan companies including Foxconn have sprung to the vanguard of shifting manufacturing to the U.S.

Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States, President Donald Trump said, on top of $65 billion in investments the company has already promised.

Intel is further delaying the opening of a much-touted new semiconductor complex in Ohio, marking the latest setback to the chipmaker’s expansion plans.

Taiwan President Lai Ching-te said Feb. 14 he would communicate more with the U.S. over President Donald Trump’s concerns over the chip industry and invest more in the U.S.