1. The Trump administration has initiated a cooperation framework called Pax Silica with several countries, including the US, Japan, South Korea, Australia, Singapore, and Israel, to create secure supply chains for semiconductors, critical minerals, and AI development.
2. The partners will collaborate on semiconductor design, fabrication, and explore new joint ventures and strategic investments to strengthen their supply chains, particularly focusing on AI development and securing critical minerals.
3. This move aims to reduce dependence on China in the global market of rare earths and other critical minerals, with an ultimate goal of establishing a durable economic order that supports prosperity during the AI-driven era across participating countries. The US hopes to welcome more nations to join this initiative.