Trump Administration Launches 14‑Nation Chip Coalition

U.S. State Department announced a supply‑chain coalition with 14 countries, including India, Japan, South Korea, Singapore, Philippines, to tackle memory chip shortage.
The coalition, unveiled under the Pax Silica initiative, aims to secure semiconductors, AI hardware, critical minerals and reduce reliance on China.
Traders lifted memory stocks, with Micron up 10.5%, Western Digital up 6.6%, Seagate up 3.6% after the coalition announcement.
U.S. officials will visit the Philippines for a Pax Silica project following President Trump’s meeting with Chinese President Xi Jinping.