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Trump administration targets $4 trillion Pax Silica investment fund for semiconductors

Latest from Tom's Hardware·@LukeJames·2 months ago
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Get Tom's Hardware's best news and in-depth reviews, straight to your inbox. You are now subscribed Your newsletter sign-up was successful The Trump administration has announced that it plans to create a voluntary investment consortium targeting $4 trillion in funding for energy projects, critical minerals, and semiconductor supply chains, according to a New York Times report. Jacob Helberg, under secretary of state for economic growth, energy, and then environment, outlined the fund at a breakfast for the Hill and Valley Forum in Washington as an expansion of the Pax Silica initiative, which the administration launched in December 2025 to secure allied nations' access to AI and chipmaking infrastructure. The U.S. government will contribute $250 million toward the consortium and administer the pool of capital. Founding members include SoftBank, Singapore's Temasek, and Abu Dhabi's Mubadala Investment Co., which Helberg said collectively manage more than $1 trillion in combined assets.…

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