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On March 23 (local time), the U.S. administration rolled out a proposal to pour $4 trillion into constructing a global critical supply chain network, one that would be firmly under U.S. oversight and encompass energy, essential minerals, and semiconductors. Dubbed the 'Silicon Peace Initiative,' this strategy is designed to forge a 'secure global supply chain.' Yet, the U.S. government has earmarked a mere $250 million of its own funds for this endeavor, leaving the bulk of the investment to be shouldered by participating nations and institutional backers. At present, the finer points of the proposal are still shrouded in mystery, and it grapples with a host of hurdles, such as raising the necessary capital, the intricacies of diversifying supply chains, and the international community's wariness.
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