On 23 October, Paraguay became the 26th signatory of the US-led Pax Silica declaration, a pact to build AI and chip supply chains among trusted partners. Washington and Asunción pledged to use Paraguay's critical minerals and hydropower for AI infrastructure, tying the small ally to the US effort to reduce dependence on China. A separate 15-year power contract signed on 22 October covers up to 286 megawatts for an AI data centre at US$48.91 to US$56.39 per megawatt hour. No projects, deadlines, investments or companies have been named, and the declaration is a statement of intent rather than a treaty. The first 6 megawatts of data centre power are due on 1 December.
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artificial intelligencesupply chaindata centerssemiconductors
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
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