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  • 4 hours ago
The Philippines is the latest country to join the US-led Pax Silica Initiative. Both countries are set to build an industrial hub within the Luzon Economic Corridor near Manila. The plan would help to secure AI and chip supply chains for the US and other initiative signatories.
Transcript
00:00The Philippines is the latest country to join the U.S.-led Pax Silica initiative.
00:05The two countries will build an industrial hub in what's known as the Luzon Economic Corridor.
00:12The 1,600-hectare site will boost strategic manufacturing.
00:16The Philippines is the 13th country to join the Pax Silica,
00:20a U.S. plan focused on securing semiconductor and AI supply chains.
00:25Other members include Australia, Finland and Singapore.
00:30Taiwan has contributed to the initiative but is not a formal member.
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