Silicon Curtain: US Assembles Pax Silica Alliance, China Responds with Domestic IPO Boom

The global technology market has definitively split into two isolated camps. On June 26, 2026, Italy officially joined the US-led `Pax Silica` alliance—an international pact aimed at protecting and controlling AI and semiconductor supply chains. Rome took this step despite political friction with the Trump Administration, proving that the fear of losing access to American cloud APIs outweighs diplomatic disagreements.

Synchronously with the formation of a "Silicon NATO" in the West, Asian markets are demonstrating an asymmetrical response. Reuters recorded a sharp spike in onshore IPOs among Chinese AI startups and chip developers. Washington’s export blockade has acted as a catalyst: Chinese capital has stopped seeking access to NASDAQ and started aggressively funding sovereign champions domestically (recall the recent Zhipu AI case). Isolation has led to the formation of a completely independent, closed-loop computing ecosystem in the PRC.

Source: U.S. State Department | Reuters