Trump administration targets $4 trillion Pax Silica investment fund for semiconductors — the US will start with a $250 million investment for global consortium

The Trump administration is targeting a $4 trillion investment fund for semiconductors, with an initial $250 million investment for a global consortium. The fund aims to support energy projects, critical minerals, and semiconductor supply chains. The U.S. government will contribute $250 million and administer the capital pool, with founding members including SoftBank and sovereign wealth funds from various countries. The Pax Silica initiative, which focuses on securing access to AI and chipmaking infrastructure, now includes 13 member countries spanning the semiconductor supply chain. The expansion into energy security is driven by concerns over potential disruptions to global chip supply chains.