US to allocate USD 250 million for Pax Silica initiative
The US on Thursday said it intends to work with the Congress to allocate USD 250 million in foreign assistance funding for the Pax Silica initiative aimed at securing the global supply chain for silicon-based technologies.
The US on Thursday said it intends to work with the Congress to allocate USD 250 million in foreign assistance funding for the Pax Silica initiative aimed at securing the global supply chain for silicon-based technologies.
India formally joined Pax Silica in February marking a significant step in technology cooperation between New Delhi and Washington.
“We are working with Congress to allocate USD 250 million for a new Pax Silica Fund initiative to strengthen secure, reliable semiconductor supply chains. The United States remains the partner of choice for Pax Silica signatories committed to securing strategic layers of the global technology supply chain,” US Undersecretary of State Jacob S Helberg said in a post on X.
