Singapore on Friday (Dec 12) joined six other countries to enter a new US-led multilateral framework on economic security and technology.The framework, named Pax Silica, combines the Latin word «pax» - meaning peace, stability and long-term prosperity, and the word «silica» which refers to the compound that is refined into silicon used in computer chips that enable artificial intelligence (AI). According to the US State Department, the framework is intended to secure supply chains, trusted technology and strategic infrastructure. The inaugural summit on Dec 12 involved partners which the State Department said are home to the most important companies and investors powering the global AI supply chain.Writing on his X account, Undersecretary of State Jacon Helberg said the Pax Silica declaration operationalises US President Donald Trump's insight that artificial intelligence is the «new backbone of economic power».«This is the first time countries are organising around compute, silicon, minerals and manufacturing as shared strategic assets,» Helberg said.  Read more