European Union weighs joining US-led alliance for tech supply chains - Bloomberg

The European Commission is negotiating EU participation in the U.S.-backed “Pax Silica” alliance to secure semiconductor and AI supply chains, critical minerals and data-center infrastructure. Member states Sweden and Finland have already joined independently, while France remains a major holdout as Brussels seeks a unified European response. Talks aim to reduce Western reliance on Chinese suppliers and could accelerate decoupling of tech ecosystems, raising regulatory standards and reshaping trade routes. Market implications include potential support for Western chipmakers, data-center and critical-minerals firms, and downside pressure on companies tied to Chinese supply chains; heightened geopolitical and regulatory risks may drive sector re‑rating and supply-chain reallocation.