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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