• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Economy
Asia

India joins U.S. ‘Pax Silica’ semiconductor alliance easing tariff and energy tensions

By
Rajesh Roy
Rajesh Roy
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Rajesh Roy
Rajesh Roy
and
The Associated Press
The Associated Press
Down Arrow Button Icon
February 20, 2026, 1:59 PM ET
Country representatives hold up letters supporting the Pax Silica effort.
Undersecretary of State Jacob Helberg Convenes The Pax Silica Summit, the first convening of a high level, private gathering focused on economic security and the establishment of a new grouping of partners tailored for the AI economy at Donald J. Trump Institute of Peace on December 12, 2025 in Washington, DC. Tasos Katopodis—Getty Images

India joined a U.S.-led initiative to strengthen technology cooperation among strategic allies in a move Friday that underscores the nations’ warming ties after a brief strain over New Delhi’s unabated purchase of discounted Russian oil.

Recommended Video

The decision aligns India closely with Washington’s efforts to build secure supply chains for semiconductors, advanced manufacturing and critical technologies at a time geopolitical competition with China is intensifying. It also signals a reset in relations following friction over energy trade and tariffs.

Nations that have joined the Pax Silica framework include Japan, South Korea, the U.K. and Israel.

“Pax Silica will be a group of nations that believe technology should empower free people and free markets. India’s entry into Pax Silica isn’t just symbolic. It’s strategic, it’s essential,” U.S. Ambassador Sergio Gor said in a speech preceding the agreement signing.

Pax Silica is aimed at strengthening cooperation among partner countries on semiconductor design, fabrication, research and supply chain resilience. The initiative seeks to reduce dependence on China-dominated manufacturing hubs while promoting trusted production networks across democracies and strategic allies.

The development at the artificial intelligence summit in New Delhi comes weeks after India and the U.S. reached an interim trade framework to reduce tariffs and grant greater access to each other’s markets, easing tensions that had threatened to slow bilateral momentum.

President Donald Trump announced earlier this month that the U.S. would lower reciprocal import tariffs on India from 25% to 18% and also remove the additional 25% levy imposed earlier for buying Russian crude after Indian Prime Minister Narendra Modi agreed to stop it.

India had ramped up Russian oil imports after Moscow’s invasion of Ukraine in 2022, drawing criticism from western partners even as New Delhi defended the purchases as necessary to manage inflation and protect its consumers.

India’s entry into Pax Silica, combined with trade concessions, marks a strategic convergence that extends beyond commerce into long-term technology and security cooperation, reinforcing India’s role as a key U.S. partner in the Indo-Pacific.

“From the trade deal to Pax Silica to defense cooperation, the potential for our two nations to work together is truly limitless,” Gor said.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Rajesh Roy
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Economy

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Economy

Scott Bessent, standing in front on an American flag, puts one hand up as he talks.
LawTariffs
$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
By Sasha RogelbergApril 20, 2026
2 hours ago
Photo of Alex Karp
PoliticsMilitary
Palantir wants to bring back the draft just as the Selective Service preps for automatic registration
By Catherina GioinoApril 20, 2026
4 hours ago
Signs opposing a proposed data center in Monterey Park, CA.
AIData centers
Half of all new electricity demand in the U.S. last year came from data centers—just as public opinion of them plummets
By Tristan BoveApril 20, 2026
5 hours ago
electrician
EconomyJobs
This talent CEO says laid-off tech workers are ignoring a $300K ‘white-collar trade job’ with 81K openings a year
By Jake AngeloApril 20, 2026
7 hours ago
UAE officials reportedly warned they may be forced to use yuan or other currencies if they run low on dollars amid the Iran war
EconomyCurrency
UAE officials reportedly warned they may be forced to use yuan or other currencies if they run low on dollars amid the Iran war
By Jason MaApril 20, 2026
8 hours ago
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025.
EconomyKevin Warsh
It’s crunch time for Kevin Warsh: Here’s how he might begin selling the idea of rate cuts. It requires some complex economic gymnastics
By Eleanor PringleApril 20, 2026
10 hours ago

Most Popular

Markets shudder as Strait of Hormuz starts resembling a combat zone. 'We're prepared to subject you to disabling fire'
Energy
Markets shudder as Strait of Hormuz starts resembling a combat zone. 'We're prepared to subject you to disabling fire'
By Jason MaApril 19, 2026
1 day ago
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
AI
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
By Sasha RogelbergApril 19, 2026
1 day ago
The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns
Economy
The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns
By Jason MaApril 19, 2026
1 day ago
Elon Musk bans résumés and cover letters in hiring for his chip team. These are the 3 bullet points he’s looking for instead
Future of Work
Elon Musk bans résumés and cover letters in hiring for his chip team. These are the 3 bullet points he’s looking for instead
By Jake AngeloApril 19, 2026
1 day ago
'We should absolutely be concerned about noncollege-educated men today': higher rents, living at home, falling out of the labor market
Economy
'We should absolutely be concerned about noncollege-educated men today': higher rents, living at home, falling out of the labor market
By Catherina GioinoApril 18, 2026
3 days ago
The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely
Economy
The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely
By Eleanor PringleApril 20, 2026
17 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.