Marcos: PH willing to work with US in developing semiconductor industry

SAN FRANCISCO, USA - The Philippines expressed intention to work with the United States' Semiconductor Industry Association (SIA) which aims to expand operations in the Philippines. 

“You can depend on partners in the Philippines that we are ready to work with you. From the government, the Department of Trade and Industry, the Board of Investments, the Philippine Economic Zone Authority will all be at the forefront,” Marcos said during a roundtable meeting with SIA.

“From the private sector, we have the Semiconductors and Electronics Industries in the Philippines Foundation, represented today by the Chairman and some of its member-companies. Another is the Private Sector Advisory Council or the PSAC, the members of whom come from different private sector groups,'' he added.

He also said that the Philippines is aspiring to participate more significantly in the US semiconductor value chain in relation to the CHIPS Act and with the Executive Order of his American counterpart Joe Biden that aims to strengthen the collective supply chain resilience.

The White House had said the CHIPS ACT will strengthen American manufacturing, supply chains, national security, investment in research and development, science and technology, and the workforce. 

During Marcos' state visit to Washington in May, an American semiconductor firm expressed willingness to expand its operations in the Philippines.

Analog Devices, Inc.’s (ADI) announced its US$200 million investment in a new research and development facility “to add to its LEED certified production facility at the Gateway Business Park in Cavite.” —VAL, GMA Integrated News