The Trump administration is planning to create a voluntary consortium that will invest $4 trillion in energy projects, minerals, and semiconductors.

According to a report from the New York Times, the investment will grow out of the Pax Silica initiative launched by the US Department of State in December 2025.

In an announcement at the Hill and Valley forum, Jacob Helberg, Under Secretary for Economic Growth, Energy, and the Environment, said the US will contribute $250 million toward the investment.

Hill and Valley, co-founded by Helberg, is a working group of US lawmakers and venture capitalists founded to promote US technology policy and combat Chinese influence on the sector.

Helberg also claimed that Japan’s SoftBank, Singapore's Temasek, and Abu Dhabi's Mubadala Investment Co. would be founding members of the group, noting that the three firms manage more than $1 trillion in combined assets. However, the NYT report said it was unclear where the $4 trillion figure comes from, noting that total global foreign direct investment was just $1.6 trillion in 2025, according to United Nations statistics.

“The fund will serve as a catalyst, a credible call to action for partners around the world to put serious capital behind shared strategic objectives,” the NYT quoted Helberg as saying.

Efforts to include energy projects under the investment fund umbrella are a result of the ongoing conflict in Iran, he further noted, adding the goal was to ensure “that the minerals, ports, corridors, factories and energy assets powering global semiconductor and technology supply chain stay in trusted hands.”

Pax Silica was founded with the aim of developing a secure supply chain for semiconductors. Pax is Latin for 'peace,' most notably used to denote Pax Romana, a 200-year period of relative peace in the Roman Empire. The period after WWII has been referred to by some as Pax Americana.

Countries already signed up to the Pax Silica initiative include Japan, South Korea, Singapore, Britain, Australia, Israel, Qatar, and the UAE.