en.Wedoany.com Reported - India will seek semiconductor investments and multilateral funding support at the second summit of Pax Silica, a 16-nation international coalition aimed at securing access to critical raw materials and rare earth resources amid concerns over China's weaponization of supply chains. Senior officials from India's Ministry of Electronics and Information Technology and the Ministry of External Affairs will attend the meeting in Washington, D.C., from Thursday to Friday, with new participants including the Netherlands, Germany, and the European Union, which possess significant semiconductor manufacturing capabilities.
An official stated that Pax Silica, a flagship initiative of the U.S. State Department to strengthen economic security through trusted technology partnerships, will be used to showcase India's transformation into a semiconductor manufacturing and design hub, its expanding assembly, testing, marking, and packaging ecosystem, and the semiconductor device potential of its vast domestic market. Leading global artificial intelligence companies participating in the coalition are also expected to send representatives.
Officials said India hopes its semiconductor projects will receive support from the U.S. $250 million Pax Silica seed fund. This fund, a form of foreign aid support, aims to finance critical mineral mining and processing, critical infrastructure, and manufacturing assets globally that belong to Pax Silica's key private sector partners and sovereign signatories. A second official noted that while the fund's size may not significantly drive semiconductor investments, it is crucial for building bilateral trust and cooperation, and for deepening industry linkages in the Indian market, which is the goal of this meeting. According to the U.S. side, the fund is expected to catalyze trusted capital from major sovereign wealth funds and private capital controlling over $1 trillion in assets.
Previously, New Delhi and Washington have discussed potential collaboration between the fund and India's semiconductor projects, in which U.S. companies have expressed interest. Relevant dialogues took place during Indian Foreign Secretary Vikram Misri's visit to the U.S. in February and during U.S. Secretary of State Marco Rubio's four-day visit to India in May. The Trump administration's push for the Pax Silica coalition aims to reduce China's excessive concentration in global supply chains and prevent economic coercion. The U.S. has expressed interest in further deepening industry partnerships and promoting investments in next-generation data centers in India. During Rubio's visit, cooperation on AI computing and processor access was also promoted, and industry enterprises from both countries were encouraged to strengthen collaboration.
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