AI Summit 2026, Feb. 20 -- Amid the AI Summit 2026 in New Delhi, India, the US signed the Pax Silica initiative on Friday. The move aims to enable India to secure AI and semiconductor supply chains. The signing was followed by a fireside chat with US Ambassador to India Sergio Gor and Under Secretary of State for Economic Affairs Jacob Helberg. The US-led Pax Silica Declaration would also help the two countries move towards a price floor for critical minerals and counter China's dominance over global manufacturing supply chains.

According to stock market experts, India's entry in the US-led Pax Silica initiative would have a positive impact on the Indian stock market in the long term. They said that the Pax Silica Declaration would help ...