Global Markets
Home›Global Markets›Asia›Philippines targets US$110 billion in chip and electro…
Philippines targets US$110 billion in chip and electronics exports by 2030
The plan, unveiled by SEIAC on September 2, seeks to lift the country’s global assembly, testing and packaging share to 7 per cent by 2030.
The Philippines has launched a five-year road map aimed at expanding its role in the global semiconductor and electronics sector, with a target to grow annual exports of chips and electronics to US$110 billion by 2030. The program was introduced by the Philippines’ Semiconductor and Electronics Industry Advisory Council (SEIAC) on September 2, as analysts weighed capacity constraints and political stability as potential hurdles. According to SCMP Economy, the roadmap is designed to move the country beyond manufacturing and assembly into higher-value activities. SEIAC chief and executive secretary Ralph Recto said the goal is a shift toward chip design, engineering, research, and innovation to strengthen regional competitiveness. One focus is raising the Philippines’ share of global assembly, testing, and packaging, which the country already leads in. SEIAC set a target to increase that share from 4 per cent to 7 per cent by 2030. The roadmap also looks to expand the Philippines’ presence in electronics manufacturing services, aiming to grow its share from less than 1 per cent to 4 per cent. It further calls for building an integrated circuit design sector expected to generate US$2 billion to US$3 billion in annual exports, according to the plan outlined by SEIAC.