A formal system for sharing semiconductor devices, medical products and other vital supplies during international emergencies will be considered by the 14 nations in the U.S.-led Indo-Pacific Economic Framework, according to Nikkei Asia.
IPEF countries would have mutual access to these stockpiles during events that disrupt supply chains, such as military conflicts and pandemics.
The proposal responds to widespread reliance on China for many critical supplies, from industrially vital rare-earth elements to personal protective equipment (PPE) for health care workers.
The group does not include Taiwan — a key link in the global semiconductor supply chain.
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