MANILA, Philippines — The Philippine government is aiming to boost semiconductor and electronics exports to $110 billion by 2030, a move expected to generate more investments, factories, and high-paying jobs for Filipinos.
Executive Secretary Ralph Recto said the sector already accounts for over 60% of the country’s merchandise exports, generating more than $45 billion annually.
Under the direction of President Ferdinand Marcos Jr., the government plans to expand beyond traditional assembly and manufacturing into higher-value activities such as chip design, engineering, research, and innovation.
Speaking at the launch of the Philippine Semiconductor and Electronics Industry Roadmap, Recto emphasized the goal of positioning the country not just as a manufacturing hub but also as a center for design and innovation.
The roadmap targets increasing the Philippines’ share in global semiconductor assembly, testing, and packaging from 4% to 7%, capturing 4% of the electronics manufacturing services market, and building an integrated circuit (IC) design sector generating $2 billion to $3 billion in annual exports.
The industry is also seen as a key driver of the Luzon Economic Corridor, strengthening the country’s role in global technology and supply chains.
To achieve these goals, the government will address workforce shortages, improve infrastructure for power, water, and logistics, streamline permits, and remove regulatory bottlenecks, with a strong focus on delivering measurable results. #
Source: Manila Bulletin
