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 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. Jacob Helberg, under secretary of state for economic growth, energy, and the environment, outlined the fund as an expansion of the Pax Silica initiative launched in December 2025. The U.S. government will contribute $250 million toward the consortium, which includes founding members like SoftBank, Temasek, and Mubadala Investment Co. The initiative aims to ensure that minerals, ports, factories, and energy assets underpinning the global chip supply chain remain under allied control, particularly in response to China's export controls on rare earth minerals.