Vice-Minister Valys and leaders of the U.S. technology and finance sectors discussed opportunities for cooperation in Washington, D.C.Bilateral RelationsEconomic RelationsNews[...]

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On 25-26 June, the Vice-Minister of Foreign Affairs, Taurimas Valys, who visited Washington, D.C., on the sidelines of the second Pax Silica Summit, met with representatives of the U.S. technology, semiconductor, and financial sectors to discuss economic security, advanced technologies, and investment development.

During his visit, the Vice-Minister met with representatives of the U.S. Semiconductor Industry Association (SIA). The meeting focused on opportunities for Lithuania to become more involved in the U.S. and transatlantic semiconductor supply chains by intensifying cooperation in the fields of lasers, photonics, high-tech manufacturing and research.

"Semiconductors are among the most important technologies of the future and reliable supply chains are the backbone of economic security. Lithuania can offer world-class competencies in laser and high-tech fields and become a reliable partner for the U.S. in strengthening resilient semiconductor ecosystems," said the Vice-Minister Valys.

The meeting with Citigroup management discussed the company's business development opportunities in Lithuania, the country's investment environment, talent potential and the growing financial technology sector.

"Lithuania is one of the most advanced FinTech ecosystems in Europe. Highly qualified specialists, a competitive regulatory environment and close cooperation between the public and private sectors create excellent conditions for international financial companies to expand their activities in our country," said the Vice-Minister.

The Vice-Minister also met with representatives of the artificial intelligence company xAI. During the meeting, the trends of artificial intelligence development, the creation of safe and trustworthy AI ecosystems, and possible directions of cooperation with Lithuania were discussed. During his visit to Washington, D.C., Valys also visited the Embassy of Lithuania in the United States, where he met with the staff.

The second Pax Silica Summit, held in Washington, D.C., brought together representatives of 35 countries and world leaders in the tech industry. During the visit, Lithuania signed the U.S.-initiated Joint Statement on AI Opportunity Partnership, which aims to strengthen cooperation on building secure, resilient, and innovation-driven AI supply chains.