9/18, 7:32 PM (Source: TeleTrader)
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Quad participants to agree semiconductor chip deal

The United States, Japan, India, and Australia are set to agree on a partnership to create secure semiconductor supply chains, Nikkei said on Saturday.

The agreement, which will be announced at the Quad summit next week in Washington, is reportedly meant to counter China. In a draft joint statement, seen by the newspaper, the leaders of the four countries will call for a "resilient, diverse and secure technology supply chains for hardware, software, and services."

They will also set common principles on technological development, asserting that "the way in which technology is designed, developed, governed and used should be shaped by [the countries'] shared democratic values and respect for universal human rights."

Breaking the News / MD