The US-led Indo-Pacific Economic Framework (IPEF) is mulling to build a formal system for sharing semiconductor devices, according to Nikkei Asia. The 14 nations included in the framework – Japan, Australia, India, South Korea, Brunei, Indonesia, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam, Fiji, and the US – will likely have mutual access to the stockpiles in the event of supply chain disruptions, a lesson learnt from the recent havoc wreaked by the pandemic and war in Ukraine. As Nikkei Asia reported, the proposed system would see member states sharing inventory data and risks, in addition to cooperate on alternative sources of supplies. Apart from semiconductors, personal protective equipment (PPE), rare earths and storage batteries were reportedly included as well.