UAE sovereign investor Mubadala and Qatar’s wealth fund, alongside Japan’s SoftBank and Singapore’s Temasek, have been identified as members of a global consortium backing a US-led investment fund aimed at advancing artificial intelligence, energy, critical minerals, and semiconductor development.
Speaking at the Hill and Valley Forum in Washington, DC, Jacob Helberg, Undersecretary for Economic Affairs at the US State Department, said the consortium—including Mubadala, Temasek, and SoftBank—will play a central role in deploying capital at scale and directing investments in commercially viable projects aligned with supply chain strategies.
He added that the group’s policy direction will prioritise innovation in AI, alongside infrastructure initiatives such as mineral processing facilities, rail networks, and highways, as the US intensifies efforts to compete with China.
Helberg also noted a focus on strengthening energy security, particularly in response to supply chain disruptions in the Strait of Hormuz linked to the recent US-Iran conflict.
The fund is tied to the Pax Silica initiative launched last year by US President Donald Trump.
Whilst details of Mubadala’s specific commitment remain undisclosed, the New York Times reported that the US plans to contribute $250 million initially, with total investments potentially reaching $1 trillion.
According to the report, other participants in the consortium include sovereign wealth funds from Qatar and Sweden.
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